China's e-commerce logistics index hits 7-year high in November

China’s e-commerce logistics index hit a seven-year high in November, according to the result of a survey released by the China Logistics and Purchasing Federation and e-commerce giant JD.com on Sunday.

The e-commerce logistics index, an indicator of logistics operations, came in at 115.5 points last month, up 0.5 points month-on-month, according to the survey.

Though this year’s sales promotions kicked off a month earlier, the e-commerce logistics index for November still managed to set a seven-year record, the federation said.

The sub-index for total business volume increased 0.4 points month-on-month to 134.1, indicating rising demand in the sector.

The survey also showed that China’s e-commerce logistics enterprises made progress in supply efficiency during the shopping festival, with all related sub-indices posting steady Improvements.