BEIJING (Xinhua) -- Survey results released by the China Federation of Logistics and Purchasing and CMST Development Co., Ltd. showed that China's warehousing sector continued its recovery in July.
The survey showed that the index that tracks the development of the sector reached 53.1 percent last July, to continue to remain in the expansion range.
An indicator reading above 50 percent indicates expansion, while below that indicates contraction.
The sector recorded an improvement in business performance, as the sub-index for tracking business profits reached a record level in one year.
The survey also predicted steady growth for the sector in the future, given that policies to stabilize economic growth will lead to further strengthening of demand and supply.
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The warehousing sector continued to recover in China last July