China’s logistics on the mend as govt intervenes

Supportive policies: Vehicles waiting for shipping transport in Shanghai. Measures to unclog the logistics sector and prop up businesses in difficulties are kicking in with the support from the government. — Bloomberg

SHANGHAI: China’s logistics sector, reeling from the protracted Covid-19 pandemic, is eyeing a stepped-up rebound as the government’s supportive policies gradually take effect and more favourable policies follow.

The logistics performance index, which tracks business volume, new orders, employment, inventory turnovers and equipment utility rates in the sector, came in at 49.3% last month, up 5.5 percentage points from the previous month, data from the China Federation of Logistics and Purchasing showed (CFLP).