CNBF Daily Brief 12.2.2023

In China Business News by China Business Forum1 Comment

China's e-commerce logistics activities registered a steady recovery in January as the country optimized its anti-virus response and consumption boomed during the week-long Spring Festival holiday, industry data showed.

The index tracking e-commerce logistics activities reached 104.6 points, up 1.8 points from the previous month, bucking the trend of contraction for three consecutive months, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and e-commerce giant

Eight out of the nine major sub-indices measuring e-commerce logistics activities in different fields recorded growth last month, with those for business volume and rural business up 2.1 points and 2.6 points, respectively, from a month ago.

China's courier sector registered expansion in January, a monthly industry index showed. China's express delivery development index for January came in at 265, up 1.5% year on year.

The sub-index for the development scale grew 19.4% from a year earlier, and China's express delivery industry handled about 410 million parcels during the recent Spring Festival holiday, approximately doubling the figure during the same holiday period in 2019.

The sub-index for development capacity picked up 0.9% year on year, as China ramped up efforts to accelerate the construction of intelligent infrastructure and improve cross-border delivery capacity.



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