CHINA’S logistics activity remained stable in January as the economy showed signs of stabilizing, according to an industry report.
The logistics performance index (LPI) for January came in at 52.5, down 3.5 points from a month earlier, according to the China Federation of Logistics and Purchasing.
A reading above 50 percent indicates expansion from the previous month, while a reading below indicates contraction.
He Hui, deputy director of the China Logistics Information Center, attributed the decline to the influence of Spring Festival, but also stressed that the sector was stable, as the index was above 50 percent.(Xinhua)