emirates7 - China’s e-commerce logistics index, a key gauge of logistics activity in the sector, reached 112.0 points in July, up 0.2 points from the previous month, according to industry data. The improvement reflects the growing impact of government measures to stimulate domestic demand.
The China Federation of Logistics and Purchasing (CFLP) reported that the sub-index for gross business revenues rose 0.1 points month-on-month to 130.9 points. July’s figure marked an intra-year high during what is typically the off-season, supported by a rebound in business volume. This recovery has boosted load utilization rates and helped lower logistics costs, CFLP Chief Economist He Hui told Global Times.
The government’s trade-in program, launched last year, has been instrumental in spurring domestic consumption and driving industrial transformation and upgrading. In July, the National Development and Reform Commission announced the allocation of 138 billion yuan in central government funds for the third and fourth quarters to support local governments in implementing the program.
These policies have strengthened consumer confidence and enthusiasm, with the summer spending surge emerging as a key driver for online sales. Hot weather has fueled demand for medical and health products, sun protection creams, and off-season clothing, while summer vacation-related educational resources and training programs have also seen robust growth.
Cai Wei, Chief Strategy Officer at KPMG China Advisory, noted that ongoing efforts to stabilize employment and stimulate consumption have expanded both service-related and emerging consumption categories. He highlighted the growing role of the trade-in policy in promoting green and smart consumption, with strong sales in new energy vehicles, energy-efficient home appliances, and smart household devices.
The so-called “emotion-driven economy” is also lifting demand for light luxury goods, trendy toys, fitness products, as well as gold and silver jewelry, and sports and entertainment items.
In the first half of the year, China’s retail sales of consumer goods grew 5 percent year-on-year, while online retail sales rose 8.5 percent, official data showed.
The China Federation of Logistics and Purchasing (CFLP) reported that the sub-index for gross business revenues rose 0.1 points month-on-month to 130.9 points. July’s figure marked an intra-year high during what is typically the off-season, supported by a rebound in business volume. This recovery has boosted load utilization rates and helped lower logistics costs, CFLP Chief Economist He Hui told Global Times.
The government’s trade-in program, launched last year, has been instrumental in spurring domestic consumption and driving industrial transformation and upgrading. In July, the National Development and Reform Commission announced the allocation of 138 billion yuan in central government funds for the third and fourth quarters to support local governments in implementing the program.
These policies have strengthened consumer confidence and enthusiasm, with the summer spending surge emerging as a key driver for online sales. Hot weather has fueled demand for medical and health products, sun protection creams, and off-season clothing, while summer vacation-related educational resources and training programs have also seen robust growth.
Cai Wei, Chief Strategy Officer at KPMG China Advisory, noted that ongoing efforts to stabilize employment and stimulate consumption have expanded both service-related and emerging consumption categories. He highlighted the growing role of the trade-in policy in promoting green and smart consumption, with strong sales in new energy vehicles, energy-efficient home appliances, and smart household devices.
The so-called “emotion-driven economy” is also lifting demand for light luxury goods, trendy toys, fitness products, as well as gold and silver jewelry, and sports and entertainment items.
In the first half of the year, China’s retail sales of consumer goods grew 5 percent year-on-year, while online retail sales rose 8.5 percent, official data showed.