Briefly

E-commerce logistics index edges up in July

China's e-commerce logistics index, an indicator of logistics operations in the sector, stood at 110.9 points in July, up 0.3 point from a month earlier, according to the latest data released by the China Federation of Logistics and Purchasing. Specifically, the satisfaction rate subindex stood at 101.2 in July, up 1.5 points from June, while the logistics timeliness subindex continued to grow for seven straight months in July, up by 0.3 point compared to June. The subindex tracking logistics volume in July stood at 121.8 points, a slight decrease of 0.8 point from June. The decrease in July was due to the exit of e-commerce sales promotion activities rolled out in June, a statement from the organization said.

Lottery ticket sales surge 50.4% in H1

China's lottery ticket sales surged 50.4 percent year-on-year to about 273.9 billion yuan ($38.35 billion) in the first half, said the Ministry of Finance. Sales of lottery tickets to support the welfare system stood at approximately 89.82 billion yuan during the period, an increase of 20 percent. Lottery tickets sold to support the sports industry surged 71.7 percent to 184.08 billion yuan, mainly driven by sports events and lottery games promotion. In June alone, sales of lottery tickets in China reached 48.73 billion yuan, up 52.4 percent year-on-year. Under lottery management rules, funds raised from ticket sales are used for administrative expenses and public welfare projects, as well as to fund prizes.

Xinhua - China Daily