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China’s e-commerce logistics index hits two-year high in January

BEIJING: China's e-commerce logistics index, an indicator of logistics operations in the e-commerce sector, stood at 125.3 points in January, hitting a record high over the past two years, according to the data released by the China Federation of Logistics and Purchasing on Monday (CFLP). The e-commerce logistics index showed a steady rebound in January, with good performance on both the supply and demand sides, said the CFLP. As reported by China Central Television, the federation stated that local speciality foods are gaining popularity and becoming widely consumed during the upcoming Spring Festival, also known as Chinese New Year. Additionally, the rapid growth of instant retail services has made buying fresh food through e-commerce platforms a significant option for Spring Festival shopping. The e-commerce logistics index is compiled based on data from JD.com, a major online retailer in China. The baseline index was set up at 100 points. Source: Emirates News Agency

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