China's social logistics rose 3.4% in 2022: industry report

China's logistics sector achieved steady growth in 2022, as the country's social logistics totaled 347.6 trillion yuan (about $50.4 trillion) last year, a year-on-year increase of 3.4 percent, a report from the China Federation of Logistics and Purchasing said on Friday.

During the period, the logistics for industrial products climbed 3.6 percent year on year and reached 309.2 trillion yuan, according to the report.

Meanwhile, logistics for agricultural products rose 4.1 percent from the previous year to 5.3 trillion yuan.

China's total revenue of the logistics industry increased 4.7 percent year on year to 12.7 trillion yuan in 2022.

(Cover via CFP)

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