According to CCTV News, the China Federation of Logistics and Purchasing announced on February 7 that the total amount of social logistics in 2023 was 352.4 trillion yuan, up 5.2 percent year on year. In terms of structure, logistics demand for agricultural products, industrial products, consumption and imports all maintained steady growth. New growth drivers, such as high-end manufacturing and online consumption, have picked up significantly. The logistics infrastructure network is becoming increasingly complete, and 30 new national logistics hubs were built throughout the year.

From the perspective of the main indicators to measure the operation efficiency of logistics, the ratio of the total social logistics cost to GDP in 2023 is 14.4%, down 0.3 percentage points compared with the previous year, that is, the logistics cost per unit of GDP is declining, and the operation efficiency continues to improve.

Source: CCTV net