According to the data released by the Development and Reform Commission of Henan Province and the Federation of Logistics and Purchasing of Henan Province, thanks to the recovery of both supply and demand and driven by the accelerated production of enterprises, Henan's logistics performance index (LPI) recovered to 50.3 percent in February, 0.2 percentage points higher than the national average and 4.8 percentage points higher than the previous month.
"The growth of Henan's LPI kept the pace with the recovery of its economy. The LPI of exceeding 50 percent indicates the fast development of Henan's logistics sector at the moment and reflects the strong resilience of the province's economy." According to Li Peng, secretary-general of the Federation of Logistics and Purchasing of Henan Province, the high index of Henan's LPI growth in February is closely related with the province's incomparable geographical advantages, sound transportation system and commitment to building a modern logistics system in recent years. "By the end of 2022, Henan has established 6 national logistics hubs, grounding a solid foundation for the province's further logistics development," said Li. (Chinese source: Henan Daily Reporter: Lu Yancui Translator: Zhao Hanqing Yang Jiaxin Proofreader: Jiao Dan)