China's First-Half 2026 Social Logistics Volume Reaches RMB 181.1 Trillion, Up 5.1% YoY

In the first half of the year, China's total social logistics volume reached RMB 181.1 trillion, up 5.1% year on year. Logistics demand continued to grow, with notable increases in high-end manufacturing, green and low-carbon sectors, and cross-border e-commerce. Among these, industrial products logistics volume rose 5.4% year on year, while logistics demand from high-tech manufacturing and digital products manufacturing grew 13.3% and 12.3% respectively, serving as the main drivers.

Logistics volume for units and residents' goods increased 3.8% year on year, and online retail sales of physical goods rose 4.8%, a growth rate 3.7 percentage points higher than that of overall goods retail during the same period. E-commerce express delivery volume expanded in tandem, indicating that logistics operations remained broadly stable and demand across various sectors continued to be released.