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China's e-commerce logistics sector reports moderate contraction

Xinhua | Updated: 2022-04-03 20:21
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An employee readies packages ordered on e-commerce platforms at a logistics center in Lianyungang, Jiangsu province, in December. WANG CHUN/FOR CHINA DAILY

BEIJING -- China's e-commerce logistics sector reported a moderate contraction in March, according to an industry survey jointly conducted by the China Federation of Logistics and Purchasing and e-commerce giant JD.com.

The survey showed that the index tracking e-commerce logistics activities stood at 104 points in March, edging down 4.9 points from the previous month, the lowest in recent two years.

The domestic resurgence of COVID-19 cases dampened demand and affected the efficiency of logistics transport, transfer and distribution, according to the survey.

The sub-index for business volume dropped 9.7 points from last month to 118.2 points, the lowest in two years.

The sub-index for business costs rose 5.5 points in March, a new high since 2017, the survey showed.

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