In the first half of the year, the total social logistics amounted to over 170 trillion yuan, a year-on-year increase of 5.6%

The China Federation of Logistics and Purchasing announced today (29th) the logistics operation data for the first half of this year. In the first half of the year, the total social logistics maintained stable growth, and the demand structure continued to optimize. China's logistics industry showed a development trend of steady progress and dual improvement in quality and efficiency. In the first half of this year, the total social logistics nationwide, which is the total value of physical goods in logistics operations, reached 171.3 trillion yuan, a year-on-year increase of 5.6%. The growth rate of total social logistics in the first half of the year was 0.3 percentage points higher than the GDP growth rate during the same period, reflecting that the support of logistics demand for economic development remains strong.

In the first half of the year, the total logistics of industrial products increased by 5.8% year-on-year, contributing 85% to the growth of total social logistics, providing solid support for the stability of the industrial economy and the smooth operation of the industrial and supply chains. With the deep integration of the digital economy and the real economy, the logistics demand of emerging industries has shown strong growth momentum. The logistics demand of the equipment manufacturing industry increased by 10.9% year-on-year, and the logistics demand of the high-tech manufacturing industry increased by 9.7% year-on-year, becoming important growth points for driving logistics demand. The logistics physical volume related to the production of 3D printing equipment and industrial robots increased by more than 20% year-on-year.

With the continuous promotion of high-level opening up and diversification of foreign trade, coupled with the ongoing efforts of policies to expand domestic demand, the decline in import logistics in the second quarter has narrowed. The logistics physical volume of imported bulk commodities such as crude oil and iron ore and its concentrates has recovered. The import of integrated circuits increased by 8.9% year-on-year, with the growth rate improving by 0.5 percentage points compared to January to May.

From the perspective of consumer logistics, in the first half of the year, driven by a series of policies to expand domestic demand and promote consumption, the consumer market has become more active. In the first half of the year, the logistics total of goods for units and residents increased by 6.1% year-on-year, with the growth rate improving by 0.3 percentage points compared to the first quarter.

Liu Yuhang, Director of the China Logistics Information Center: Since the beginning of this year, the growth of overall consumer demand has been quite significant. Especially from the perspective of logistics demand, there has been a noticeable increase in logistics demand for consumer electronics related to the trade-in of old products, as well as for tourism and travel-related consumer goods.

In addition, in the first half of the year, the total logistics of renewable resources increased by 17% year-on-year, with the growth rate accelerating by 1.2 percentage points compared to the first quarter. At the same time, a joint dynamic trend has gradually formed in fields such as automobiles and household appliances. The logistics physical volume of products such as automobiles, tablets, smartphones, and household washing machines achieved rapid growth, with growth rates exceeding 10%.

This article is transferred from: CCTV News; Reporter: Wang Shantao; Editor: Liu Xuan of Zhitong Finance