Abu Dhabi: China's logistics industry maintained stable growth in April, with investment and employment improving and the western region showing an obvious trend of recovery, according to data released on Wednesday by the China Federation of Logistics and Purchasing (CFLP).
According to Emirates News Agency, the Logistics Performance Index (LPI) for April was 51.1%, showing a slight decrease of 0.4 percentage points from the previous month. However, it still stayed above the 50% mark, indicating expansion. Key sub-indices such as total business volume, new orders, and inventory turnover all remained in positive territory.
In April, fixed asset investment in the logistics sector surged to 53.6%, up 1.2 percentage points month on month, a record high in three years. From January to April, the average index reached 51.6%, a 1.9-percentage points increase year-on-year.
According to the Ministry of Transport, China invested 675.2 billion yuan (US$ 93.56 billion) in transport infrastructure in the first three months, with railway and waterway investment growing 5.2% and 10.2% respectively compared to last year.