MNI BRIEF: China Social Logistics Up During First 7 Months

China’s social logistics, the total market value of goods transported through the logistics system, reached CNY201 trillion in January-July, up 5.2% from a year earlier, compared with 5.6% growth in the first half, the China Federation of Logistics and Purchasing said Thursday, according to state media.

Industrial logistics grew by 5.7%, with 35 out of 40 industries showing growth, particularly in high-end manufacturing, the data showed. Consumer goods and residential items rose by 6.2%, driven by policies like the trade-in program, state media said.

Chinese interbank traders see a lower chance of further monetary easing in the rest of 2025 than they did in July as economic growth continues to be solid, MNI reported recently. (See MNI CHINA MONEY MARKET INDEX: PBOC Easing)