China's E-commerce Logistics Index Rose in October
Nov 14, 2024
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Data shows China's auto market maintained steady expansion in October.
Auto sales in the country rose seven percent to over three million units last month.
During the first 10 months of the year, auto sales amounted to over 24 million units.
Sales of new energy vehicles climbed nearly 50 percent last month.
The country's auto exports hit 542,000 last month, up 11 percent from a year ago.
Data from the China Federation of Logistics and Purchasing shows that China's e-commerce
logistics index reached 115 points in October.
That was an increase of 0.6 points from a month earlier.
The total business volume index of e-commerce rose by 2.5 points to over 133, marking a
new five-year high.
Experts say the rise reflects increased online shopping driven by sales promotions from
major e-commerce platforms, as well as the ongoing trade-in program for home appliances.
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