TREE NEWS reports: China’s total social logistics turnover reached 243.6 trillion yuan in the first eight months of the year, up 4.9% year on year, the China Federation of Logistics & Purchasing said. Industrial goods logistics rose 5.3% over the same period. In August, value-added output of high-tech manufacturing and digital product manufacturing grew 16.7% and 15.7% respectively, together contributing more than 60% of the growth in industrial output above designated size.
China’s social logistics turnover hits 243.6 trillion yuan in first eight months, up 4.9%
AI take
The composition matters more than the headline growth rate: high-tech and digital product manufacturing expanding at double digits, and together driving most of August's industrial output growth, points to the parts of China's economy most tied to electronics, computing hardware and data infrastructure. That is the demand signal relevant to the RWA and tokenization thesis, since these are the sectors that generate the physical and digital assets later considered for on-chain representation. Whether logistics volumes keep tracking the high-tech segment rather than broader industrial activity is the open question.
Generated by AI for reference only.
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