Report from our correspondent on July 28, the China federation of logistics and purchasing released the first half of 2020, according to the logistics operation in the first half of the total social logistics is 123.4 trillion yuan, calculated at comparable prices, fell 0.5% year on year, a drop than 1 to narrowed 1.7% in May, than narrowed 6.9% in the first quarter, the fourth consecutive month that the decline in narrow.

Among them, industrial logistics decline has narrowed significantly. In the first half, the decline in industrial logistics narrowed by 1.5 percentage points from January to May and 7.1 percentage points from the first quarter. Logistics demand related to new drivers of growth has maintained strong growth, providing strong support for the recovery. The equipment manufacturing sector picked up speed, and high-tech manufacturing and emerging products continued to gain strength. The equipment manufacturing sector grew by 9.5% in the second quarter, compared with a decline of 14.0% in the first quarter. High-tech manufacturing grew 9.8% in the second quarter, compared with a 3.8% decline in the first.

According to the China Federation of Logistics and Purchasing, in the first half of this year, remarkable achievements have been made in epidemic prevention and control, logistics operations have continued to recover, and the structure of logistics demand has been further optimized, especially in the field of people's livelihood. The size of the logistics market has continued to rise, and logistics costs have steadily declined.

Although the overall logistics operation is in the recovery period, there are still some problems, such as the mismatching between supply and demand, which leads to the poor social logistics transfer link, the overall low operation of logistics service prices, and the not optimistic profit situation of logistics enterprises. For example, according to the survey data of key logistics enterprises, in the first half of the year, the revenue of logistics business of logistics enterprises fell by more than 2%, more than 60% of enterprises saw a year-on-year decline, among which 20% enterprises saw a drop of more than 50%.