Jan 05, 2023 07:45 PM

BUSINESS

China Logistics Slammed by Covid Spike

By Yu Cong and Ding Yi

A worker wheels packages on Dec. 20 at a parcel sorting center in Taiyuan, North China’s Shanxi province. Photo: VCG

A worker wheels packages on Dec. 20 at a parcel sorting center in Taiyuan, North China’s Shanxi province. Photo: VCG

China’s logistics business shrank for the third consecutive month in December as a swell in Covid-19 cases lashed the workforce in the sector and wreaked havoc on industrial production.

The prosperity index for the logistics industry hit 46% last month, falling from 46.4% in November and 48.8% in October, making it the second-lowest level in 2022, the China Federation of Logistics and Purchasing (CFLP) said Wednesday. The reading marked a steep 6% decrease year-on-year.

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