China's logistics sector posts stable growth in Q1

BEIJING - China's logistics sector reported steady growth in the first quarter of 2023, according to an industry report.

Social logistics rose 3.9 percent year-on-year to 84.3 trillion yuan ($12.21 trillion) in this period, the China Federation of Logistics and Purchasing said.

From January to March, the logistics for industrial products climbed 3 percent year-on-year, according to the report.

Total revenue of the logistics industry rose 6.7 percent year-on-year to nearly 3 trillion yuan during the period.