China's economy maintained a steady recovery The logistics recovery trend continued in the first three quarters

CCTV News: The China Federation of Logistics and Purchasing announced the logistics operation data for the first three quarters of this year today (October 27). In the first three quarters, with the overall promotion of epidemic prevention and control and economic and social development, China's economy maintained steady recovery and the quality of development was further improved. In this context, the logistics recovery trend continues, and the main indicators remain in the rapid growth range.

In the first three quarters of this year, the total amount of social logistics in the country was 234.5 trillion yuan, an increase of 11.4% year-on-year, an increase of 9.4 percentage points over the same period of the previous year, and an average annual growth rate of 6.6% in both years. On a month-on-month basis, the growth rate in the third quarter fell by 3.5 percentage points compared with the second quarter.

From the structural point of view, the logistics demand structure continues to improve, and the new kinetic energy continues to be active.

In the first three quarters, the total logistics of industrial products increased by 11.8% year-on-year, and the average growth rate in two years was 6.4%, which was comparable to the pre-epidemic level. The equipment manufacturing industry and high-tech manufacturing industry played a significant leading role, increasing by 16.2% and 20.1% year-on-year, respectively, and the average growth rate of the two years was 10.3% and 12.8%, respectively, which were more than 4 percentage points higher than the same period before the epidemic.

In the first three quarters, the total logistics of goods between units and residents increased by 13.8% year-on-year, and the average growth rate of 13.4% in two years. New formats and new momentum continue to drive the rapid growth of consumer logistics demand, and the growth trend of online retail and e-commerce logistics continues to improve.

In addition, import logistics fell by 7.9% in September, and import logistics declined for four consecutive months since June. From the perspective of different types of goods, the import volume of some bulk commodities has declined to varying degrees, while the import volume of some agricultural and sideline products and automobiles has risen steadily. The import volume of high-tech products and mechanical and electrical products has maintained rapid growth, and the number of imports of machine tools and integrated circuits has increased by more than 30%.

Source: CCTV