China's logistics growth steady in first five months

Employees work at an Alibaba Group warehouse on the outskirts of Hangzhou, Zhejiang province Oct 30, 2014. [Photo/Agencies]

BEIJING - China's logistics industry grew steady in the first five months of this year amid industrial restructuring and weak economic growth, a report showed on Saturday.

The total value of social logistics goods in January-May expanded by 5.5 percent year on year to 84.5 trillion yuan ($13.8 trillion), according to the latest data from the China Federation of Logistics and Purchasing (CFLP).

The growth rate in terms of total value of logistics goods in the five months is flat when compared with the January-April period, said the CFLP.

Between January and May, the gross revenue of the logistics industry hit 2.9 trillion yuan, up 5.1 percent over the same period of last year, while the revenue of e-commerce related mail services and express rose 23.6 percent year on year, according to the CFLP.