China's logistics sector reports growth in first 10 months

BEIJING -- China's logistics sector reported steady growth in the first 10 months of 2022, according to an industry report on Tuesday.

Social logistics rose 3.6 percent year-on-year to 275.4 trillion yuan ($38.26 trillion) in the January-October period, said the China Federation of Logistics and Purchasing.

During the period, the logistics for industrial products climbed 4 percent year-on-year, as industrial production continued to expand, according to the report.

Logistics for high-tech manufacturing grew 10.6 percent year-on-year in October, up 1.3 percentage points from September.

As a raft of policies to facilitate flows of logistics and support enterprises gradually took effect, business operations in the logistics sector have shown overall stability, the report said.