China IOT: China's warehousing index was 48.3% in January, and the business demand remained stable

According to the China Federation of logistics and purchasing, the China Warehousing index jointly surveyed by China Federation of logistics and purchasing and Cmst Development Co.Ltd(600787) was 48.3% in January 2022, down 3.3 percentage points from the previous month, and fell into the contraction range of less than 50% again after five months, indicating that the operating pressure of the warehousing industry has increased compared with the previous period. however. In January, the business volume index was 51.0%. Although it decreased by 0.7 percentage points compared with the previous month, it was still above the boom and bust line, indicating that the demand for warehousing business continued to rise slightly on the basis of the rapid growth of the previous month.