China's total social logistics value increased 5.2% year-on-year in January-August: Chinese media

According to data released by the China Federation of Logistics Purchasing on the 29th, the total value of social logistics in the country from January to August was 229.4 trillion yen (approximately 4782.8 trillion yen), and logistics operations remained stable.
The recovery trend continued. The total social logistics volume nationwide from January to August increased by 5.2% compared to the same period last year to 229.4 trillion yen. The growth rate for August alone was 4.8% compared to the same month last year. The scale of logistics is steadily increasing.
By industrial sector, the contribution of the equipment manufacturing industry to logistics demand has increased, increasing by 8.1%. Of these, logistics demand from the electronics, electrical machinery, and automotive industries has been relatively high.
In addition, logistics demand in the high-tech and digital-related fields showed growth, with the logistics of high-end products such as analog chips, industrial robots, and industrial control computer systems showing strong growth.
In terms of consumption, the total volume of goods transported to businesses and individuals increased by 6.5% year-on-year, maintaining a steady growth trend. Online consumption logistics in particular was active, resulting in immediate
The transaction volume of instant retail and live commerce increased by double digits. An official from the association said, "The replacement policy has stimulated a surge in logistics demand for consumer goods. In addition, large-scale
"The modern equipment renewal policy has brought about improvements in the demand structure of traditional industries. In particular, logistics demand for industries related to new quality productivity has increased," he said.