China's total social logistics value increased 5.1% year-on-year in January-October: Chinese media

On the 28th, the China Logistics Purchasing Federation released logistics data for the first 10 months of this year, showing that China's logistics operations are showing an overall stable development trend.
According to public data, the total social logistics volume in the country from January to October increased 5.1% year-on-year to 293.7 trillion yen (approximately 648
In terms of structure, the total logistics value of industrial products increased by 5.3% year-on-year, accounting for 88% of the total social logistics value. Of this, growth in equipment manufacturing and high-end manufacturing was particularly notable.
During the same period, the total value of goods transported to businesses and individuals increased by 6.4%, maintaining a growth trend. New business formats such as instant retail and live commerce have emerged.
The total revenue of the logistics industry from January to October increased by 4.5% year-on-year to 11.8 trillion yen (approximately 260.4 trillion yen).
Logistics companies' operating revenue increased by 4.4% year-on-year, marking the third consecutive month of stable growth. By company type, the growth rate of logistics operating revenue for large companies remained at 5-6%, while that for small and medium-sized enterprises was less than 3%.
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