China e-commerce logistics index rises to 112.1 in October

The divergence inside this index is the story: efficiency and timeliness improved while demand-side measures — total business volume, rural volume and cost — softened. That suggests the headline gain reflects operational throughput rather than a broadening consumer pull, a distinction that matters for anyone tracking Chinese consumption through the logistics lens. The federation's own framing ties the improvement to peak-season fulfillment, so whether the supply-side gains hold once that seasonal push fades is the open question.