High-level opening-up continues to offer dividends

The Logistics Performance Index of China was 51.5 in March, up 2.2 percentage points from the previous month, returning to the expansion range above 50 with strong momentum, according to a release of the China Federation of Logistics & Purchasing on Thursday.

The LPI is a composite index of the total business volume, new orders, employees, inventory turnover times, and equipment utilization rate. According to the CFLP, all of the LPI's subindices rose across the board in March reaching the expansion range, among which the total business volume index and the new order index rebounded significantly from the previous month.

The data reflect that on the basis of the expectation of a steady recovery of the market after the Chinese New Year holiday, the resumption of work and production of upstream and downstream supply chains has been carried out as scheduled; industrial demand has been released in an orderly manner; and the efficiency of supply chains has been improved.