2022 Q1: China's logistics sector grew 5.9%, with social logistics reaching 55.4 trillion yuan, outpacing 2021 growth rate by 3 ppts.
China's logistics sector has seen growth during the first two months of 2022, with social logistics rising 5.9% year-on-year to reach 55.4 trillion yuan ($7.81 trillion). The growth rate is 3 percentage points higher than the same period last year, indicating a resilient industry despite pandemic-related disruptions. This positive development is expected to contribute to China's overall economic growth.
March 31, 2024
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