China's warehouse storage sector continues recover

Added On August 10, 2020

According to the China Federation of Logistics and Purchasing, the index tracking the sector's development climbed 2.8 percentage points over the previous month to reach 53.5 percent in July. The index has stayed above 50 percent for five consecutive months. A reading above 50 percent indicates expansion, while one below that reflects contraction. The business volume index was at 52.9 percent last month, 1.5 percentage points higher than the previous month.