China inventory index reaches 50.1 in July, slowing growth slightly - Chinese media

The China Logistics and Purchasing Federation announced China's inventory index on the 7th. Although the demand for warehouse services has weakened due to the hot and rainy weather, the inventory index has remained at the dividing line between economic expansion and contraction for the ninth consecutive month.
The warehouse industry as a whole is maintaining good performance. China's inventory index for July was 50.1, down 0.9 points from the previous month. It is still in the expansion zone.
However, growth has slowed slightly. By item, the new orders index fell 1.6 points to 50. The growth of new orders has slowed slightly due to the effects of the weather. Among these, the warehousing business for large-volume products
Demand is recovering. In particular, the new orders index for non-ferrous metals and chemical industrial products showed significant growth. Looking at the employment situation, the warehouse industry employee index for July was 50.5, unchanged from the previous year, and the number of employees increased.
The Business Activity Expectations Index also remained above 50, indicating that companies are optimistic about the future development prospects of the market.
Experts said, "With the end of the rainy season and proactive macroeconomic policies such as revitalizing consumption and optimizing the business environment, the warehouse industry is expected to
"It is expected to remain vibrant, stable and in good operating condition."