China's logistics sector posts stable growth in 2022

BEIJING -- China's logistics sector reported steady growth in 2022, according to an industry report.

Social logistics rose 3.4 percent year-on-year to 347.6 trillion yuan ($50.4 trillion) last year, the China Federation of Logistics and Purchasing said.

During the period, the logistics for industrial products climbed 3.6 percent year-on-year, according to the report.

The total revenues of the logistics industry rose 4.7 percent year-on-year to 12.7 trillion yuan during the period.