转自：中国侨网 近日，"中老友好年"正式启动。多位老挝华侨华人，通过线上采访分享了自己的所见所感，对两国未来合作也充满期待。 在老挝从事旅游业的侨胞伊凡表示，中老两国在物流和文旅方面还有很大的合作空间，希望未来能通过举办文化交流、互访活动， 以及有针对性的经贸论坛，带动旅游业进一步发展，让两国民间的往来更密切。 从事教育行业的侨胞岩公香更关注两国人才的交流与培养。他认为，未来可以多加强两国青年学者和技术人才的沟通。 文化传承与创新方面，他建议用动漫、绘本、短视频等形式，让两国的非物质文化遗产以新的方式呈现。同时，借助新媒体平台发 起短视频共创计划，让中老两国的青年一起参与拍摄、剪辑，讲述普通人的日常故事，在数字时代留下两国共同的记忆。 除了文旅和教育，中老铁路的新变化也让大家看到了更多可能。近期，中老铁路新增了中亚班列，玉溪到老挝的国际运输，已经进 入定班、定点、定时的新阶段。这条国际物流通道的辐射范围越来越广，也让中国西南地区和东南亚的经贸联系变得更紧密。 1月26日，满载云南新鲜蔬菜和优质钢材等货物的中亚班列，从云南玉溪中老铁路研和站驶出，这趟班列将通过磨憨口岸出境至老挝 万象南站。这是今年中老铁路新增4 ...

Group 1 - The "China-Laos Friendship Year" has officially started, with expectations for deepening cooperation in various fields between the two countries [1] - There is significant potential for collaboration in logistics and cultural tourism, with plans for cultural exchanges and targeted economic forums to boost tourism development [1] - The education sector can benefit from enhanced exchanges between young scholars and technical talents, focusing on vocational training aligned with the needs of the China-Laos Railway Economic Belt [1] Group 2 - The China-Laos Railway has established a two-way cross-border supply chain system, significantly shortening transportation times and facilitating the export of Laotian agricultural products to the Chinese market [2] - The operationalization of the China-Laos Railway has created a convenient bridge for bilateral economic and trade cooperation, enhancing regional logistics networks and fostering growth in logistics, warehousing, and tourism sectors in Laos [2] - Improvements in Laos' digital infrastructure allow for specific cooperation in smart logistics, digital trade platforms, and remote technical services, enhancing cross-border logistics efficiency through data sharing [2]

Core Viewpoint - In January 2026, China's warehousing index decreased to 51.9%, down 0.5 percentage points from December 2025, indicating a slight decline but still within the expansion range, reflecting a generally good operational status in the warehousing industry [1] Group 1: Warehousing Index and Business Volume - The business volume index stood at 52.2%, a decrease of 1.4 percentage points from the previous month, with steel, non-ferrous metals, food, and pharmaceuticals showing indices above 50%, while chemicals, coal, and daily necessities were below 50% [1] - The facility utilization index increased to 54.3%, up 0.3 percentage points from the previous month, indicating improved utilization of warehousing facilities [1] - The ending inventory index rose to 53.3%, an increase of 1.4 percentage points from the previous month, suggesting a rise in inventory levels [1] Group 2: Business Activity Expectations - The average inventory turnover index decreased to 51.9%, down 1.5 percentage points from the previous month, indicating a slight slowdown in turnover [1] - The business activity expectation index fell to 49.6%, a decline of 3.1 percentage points from the previous month, reflecting anticipated short-term fluctuations in demand as the holiday approaches [1] - Despite the expected short-term volatility, the overall demand foundation for the industry remains strong, with expectations for stabilization and improvement post-holiday [2]

Core Viewpoint - The China Logistics and Purchasing Federation and China Storage Development Co., Ltd. report a slight decline in the warehousing index for January 2026, indicating a continued positive trend in the warehousing industry despite the drop [1] Group 1: Warehousing Index - The warehousing index for January 2026 is reported at 51.9%, a decrease of 0.5 percentage points from the previous month [1] - The index remains in the expansion zone, suggesting a good operational status for the warehousing industry [1] Group 2: Sub-Indices Performance - The facility utilization index increased by 0.3 percentage points to 54.3%, with machinery and agricultural products showing higher utilization rates [2] - The ending inventory index rose by 1.4 percentage points to 53.3%, with non-ferrous metals and building materials having higher inventory levels [2] - The business volume index decreased to 52.2%, down 1.4 percentage points, with steel and food products maintaining indices above 50% [1][2] Group 3: Future Outlook - The business activity expectation index fell to 49.6%, a decline of 3.1 percentage points, indicating a potential contraction in the upcoming months due to weather and holiday factors [3] - It is anticipated that after short-term fluctuations, the index will stabilize and show positive trends again [1]

Core Viewpoint - The Xuzhou Huaihai International Port Area is actively advancing its development through robust project construction, enhanced logistics capabilities, and strategic partnerships, aiming for significant growth in 2026. Group 1: Hub Development - The port area is enhancing its hub capabilities, with the China-Europe Railway Express operating 430 trains in 2025, a 6.2% increase year-on-year, laying a solid foundation for 2026 [1] - In 2026, the port area plans to increase the number of China-Europe Railway Express trains by over 10%, maintaining a balanced return ratio of 1:1 and improving the transportation of high-value products [1] Group 2: Project Construction - The port area focuses on project-based development, signing 30 projects in 2025 with a total investment of 4.77 billion yuan, indicating a strong trend of converting investment into productive capacity [2] - In 2026, the port area aims to implement 10 key urban construction projects with a total investment of approximately 440 million yuan, including 9 new projects and 1 ongoing project [2] Group 3: Industry Aggregation - The port area is successfully attracting significant industrial projects, enhancing its dual-open highland and modern hub economy, with a focus on multi-modal transport, trade logistics, and high-end manufacturing [3] - The establishment of a second-hand car export base is expected to boost exports significantly, targeting markets in Africa and Central Asia [3] Group 4: Strategic Partnerships and Green Transition - In 2026, the port area will deepen collaborations with leading enterprises to enhance operations in railway and logistics sectors, aiming for a 20% year-on-year increase in the number of serviced enterprises [4] - The port area is also focusing on green transformation by developing distributed energy and charging networks, while optimizing training systems to support international trade and cross-border logistics [4] Group 5: Overall Development Outlook - The port area is poised to continue its momentum in project construction and industry aggregation, contributing to a vibrant and efficient development landscape [5]

Core Insights - The logistics and e-commerce indices reached new highs in December 2025, driven by standardization efforts that support high-quality supply chain development [3][5][9] Group 1: Industry Performance - The warehousing index in December 2025 was 52.4%, an increase of 2 percentage points from the previous month, marking the highest level since February of the previous year [5][8] - The logistics industry prosperity index for December 2025 was 52.4%, reflecting a continuous recovery in demand for logistics services across various sectors, including manufacturing and e-commerce [8][9] - The express delivery index reached 466.8 in December, with an estimated business volume of around 18 billion packages, indicating stable market conditions supported by promotional activities [8][9] Group 2: Investment Trends - The cold chain logistics sector saw increased investment activity, with funds concentrating on high-value areas such as pharmaceutical cold chains, leading to successful IPOs like that of Hongxing Cold Chain on the Hong Kong Stock Exchange [21][26] - Multiple high-end cold chain and logistics hub projects are underway, including a 20 billion yuan investment in the Luzhong Cold Chain Logistics Industrial Base, aimed at enhancing cold chain services in the region [23][25] Group 3: Policy Developments - A series of policies aimed at standardization, green transformation, and financial support have been introduced to address industry pain points and promote high-quality development in the logistics sector [10][11][12] - The implementation of the "Green Supply Chain" initiative encourages companies to adopt national standards for carbon footprint evaluation, promoting a comprehensive green development approach [11][12] Group 4: Market Dynamics - The average rental price for warehousing in Guangzhou was 23.14 yuan per square meter per month in December, showing a slight decline, while the vacancy rate decreased to 16.40% [14][17] - The logistics sector is experiencing a shift towards immediate logistics infrastructure, with major players like Taobao and Meituan investing heavily in front warehouse networks to enhance delivery capabilities [13][18] Group 5: REITs and M&A Activity - Recent trends indicate a pullback in warehousing logistics REITs, with significant declines in market valuations, prompting a rise in small equity mergers and acquisitions [27][28] - Pre-REITs funds are being established to nurture quality assets and facilitate connections to public REITs markets, indicating a strategic shift in capital deployment within the logistics sector [27][28]

Core Viewpoint - The Chinese warehousing industry shows signs of recovery with the warehousing index reaching 52.4% in December 2025, marking a 2 percentage point increase from November 2025, driven by improved market demand and business activity [1] Group 1: December 2025 Data - The new orders index for December 2025 stands at 51.8%, up 1.3 percentage points from November 2025, with chemical products, machinery, agricultural products, and pharmaceuticals showing indices above 50% [1] - The business volume index is at 53.6%, reflecting a 1.7 percentage point increase, with similar trends observed in chemical products, agricultural products, and pharmaceuticals [1] - The facility utilization rate index is 54%, up 1.6 percentage points, while the ending inventory index is at 51.9%, increasing by 1.9 percentage points [1] - The average inventory turnover index is 53.4%, which is a 3.4 percentage point increase [1] Group 2: 2025 Annual Overview - The overall warehousing index for 2025 averaged 50.7%, a 1.3 percentage point increase from 49.4% in 2024, indicating a steady recovery in the industry [2] - The index showed reduced volatility compared to 2024, suggesting enhanced resilience and stability within the industry [2] - Quarterly averages indicate a stable start in Q1 at 51.2%, a slight decline in Q2 to 50.7%, a further drop in Q3 to 49.7%, and a rebound in Q4 to 51.1% due to rising demand [2] Group 3: Key Characteristics - The demand foundation appears more solid, with the new orders index remaining above 50% for most months, averaging 51%, which supports ongoing business activity [2] - Inventory turnover efficiency remains high, with the average turnover index mostly operating in an expansion range, indicating smooth supply chain connections [2] - Inventory adjustments are becoming more rational, with the ending inventory index averaging 49.8%, reflecting a slowdown in inventory decline and increased business confidence [2] Group 4: Future Outlook - The warehousing industry is expected to continue its positive trajectory in 2026, supported by macro policies and sustained demand recovery [3] - The ongoing expansion of domestic demand policies and pre-Spring Festival stocking needs are anticipated to further boost warehousing business demand [3]

Core Viewpoint - The Chinese warehousing industry shows signs of recovery with the warehousing index reaching 52.4% in December 2025, marking a 2 percentage point increase from November 2025, indicating a positive trend in market demand and business activity [1] Group 1: Industry Performance - The overall warehousing index for 2025 averaged 50.7%, up 1.3 percentage points from 49.4% in 2024, reflecting a continuous recovery in the industry [2] - The index showed reduced volatility compared to 2024, indicating enhanced resilience and stability within the industry [2] - In December 2025, the new orders index was 51.8%, a 1.3 percentage point increase from November, with various sectors like chemicals and pharmaceuticals performing above 50% [1][2] Group 2: Operational Efficiency - The business volume index rose to 53.6% in December 2025, up 1.7 percentage points from the previous month, with strong performance in chemicals and agricultural products [1] - The facility utilization rate index increased to 54%, reflecting improved operational efficiency [1] - The average inventory turnover index reached 53.4%, a 3.4 percentage point increase, indicating effective supply chain management and high product circulation efficiency [1][2] Group 3: Future Outlook - Analysts expect the warehousing industry to maintain a stable and positive trajectory in 2026, supported by ongoing macroeconomic policies and demand recovery [3] - The year-end policies aimed at expanding domestic demand and pre-holiday stocking are anticipated to further boost warehousing business demand [3]

Core Viewpoint - The warehousing industry in China is expected to maintain a stable and positive trajectory in 2026, supporting the high-quality development of the real economy [3]. Group 1: Industry Performance Indicators - In December 2025, the warehousing index rose to 52.4%, an increase of 2 percentage points from November 2025, marking the highest level since February of the previous year [1]. - The new orders index for December 2025 was 51.8%, up 1.3 percentage points from November, with chemical products, machinery, agricultural products, and pharmaceuticals showing indices above 50% [1]. - The business volume index reached 53.6%, increasing by 1.7 percentage points month-on-month, with similar trends observed in chemical products, agricultural products, and pharmaceuticals [1]. - The facility utilization rate index was 54%, up 1.6 percentage points, while the inventory index rose to 51.9%, an increase of 1.9 percentage points [1]. - The average inventory turnover index was 53.4%, reflecting a month-on-month increase of 3.4 percentage points [1]. Group 2: Yearly Trends and Analysis - The overall warehousing index for 2025 averaged 50.7%, a rise of 1.3 percentage points from 49.4% in 2024, indicating a continuous recovery in the industry [2]. - The index showed a "two highs, one low" trend throughout the year, with quarterly averages of 51.2% in Q1, 50.7% in Q2, 49.7% in Q3, and 51.1% in Q4, reflecting seasonal impacts and subsequent recovery [2]. - Key characteristics included a solid demand foundation with the new orders index mostly above 50%, high turnover efficiency, and a more rational inventory adjustment process, with the end-of-year inventory index averaging 49.8% [2]. Group 3: Future Outlook - The warehousing industry is expected to benefit from ongoing macro policies aimed at reducing logistics costs and improving the operating environment, with market demand continuing to recover [3]. - Analysts predict that with the release of internal economic momentum and support for expanding domestic demand, the warehousing sector will see further growth in demand leading into 2026 [3].

Core Viewpoint - The China Warehousing Index reached 52.4% in December 2025, marking a 2 percentage point increase from the previous month, indicating a recovery in the warehousing sector driven by market demand [1] Sub-index Summaries - New Orders Index: The New Orders Index rose to 51.8%, up 1.3 percentage points from last month, with chemical products, machinery, agricultural products, and pharmaceuticals showing indices above 50%, while coal, food, and daily necessities were below 50% [1][2] - Business Volume Index: The Business Volume Index increased to 53.6%, up 1.7 percentage points from last month, with chemical products, agricultural products, and pharmaceuticals above 50%, while coal and food were below 50% [2] - Facility Utilization Rate Index: The Facility Utilization Rate Index rose to 54%, an increase of 1.6 percentage points from last month, with non-ferrous metals, machinery, agricultural products, and pharmaceuticals above 50%, while food was below 50% [2] - End Inventory Index: The End Inventory Index increased to 51.9%, up 1.9 percentage points from last month, with steel, home appliances, daily necessities, and pharmaceuticals above 50%, while non-ferrous metals, mineral products, and food were below 50% [2] - Average Inventory Turnover Index: The Average Inventory Turnover Index rose to 53.4%, a significant increase of 3.4 percentage points from last month, with steel, chemical products, daily necessities, agricultural products, and pharmaceuticals above 50%, while non-ferrous metals and food were below 50% [2] - Enterprise Employee Index: The Enterprise Employee Index increased to 52.7%, up 1.7 percentage points from last month, indicating a positive trend in employment within the sector [2] - Business Activity Expectation Index: The Business Activity Expectation Index decreased to 52.7%, down 2.6 percentage points from last month, reflecting a slight decline in business sentiment [2]