[HIGHLIGHTS] China's warehousing index in March was 52.6%, rising back to the expansion range

The China Warehousing Index jointly surveyed by the China Federation of Logistics and Purchasing and China Storage Development Co. Ltd.

was 52.6% in March 2024. The new orders index, facility utilization index, business profit index, main business cost index, ending inventory index, and average inventory turnover index increased by between 7.6 and 13.6 percentage points. The business activity expectation index fell by 4.7 percentage points from the previous month. Since the beginning of the year, a number of policies to stabilize growth and boost confidence have been gradually implemented, and the results are beginning to show.