Industry data indicates that warehouse storage activities in China continued to expand in April, further consolidating the trend of growth. According to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co., Ltd., the index tracking the sector’s development rose by 3.5 percentage points from March to 53.7 percent last month.
An index reading above 50 percent signifies expansion, while a reading below 50 percent indicates contraction. The sector’s index has been in the expansion zone for three consecutive months, indicating a robust recovery. Wang Yong, the Vice President of CMST Development, commented that the sector’s significant sub-indices indicate that business operations are stable, goods turnover is efficient, and enterprises are actively stocking.
Wang predicts that the sector’s confidence will continue to rise, leading to steady and sound performance supported by sustained investment momentum and accelerated recovery of offline consumption.
