Chinese Logistics Firms Reached Nearly Two-Year Performance Peak Due to Double 11
Dou Shicong
/SOURCE : yicai
Chinese Logistics Firms Reached Nearly Two-Year Performance Peak Due to Double 11

(Yicai Global) Dec. 2 -- China's delivery sector enhanced its competitiveness last month to the highest level in almost two years on the back of the Black Friday-like shopping festival Double 11. 

The logistics performance index rose 4.7 percentage points to 58.9 in November from a month earlier, the China Federation of Logistics & Purchasing revealed today. A figure above 50 signals expansion.

Chinese consumers celebrated the annual shopping event by buying more than before as many e-commerce firms, including Alibaba Group Holding and JD.Com, increased sales.

China's logistics sector is benefiting from the warming-up of the nation's economy, said Cai Jin, vice president of the industry association.

The country's warehousing and storage index climbed 3.5 percentage points to 54.4 during this period.

Editor: Emmi Laine 

Follow Yicai Global on
Keywords: Logistics Performance Index , Double 11