According to the China Federation of Logistics and Purchasing, the effects of economic stabilization policies continued to show in January-February. Coupled with the decline in the impact of the epidemic and overall improvement in logistics demand, total social logistics and sub-indicators all rebounded. In particular, the recovery of logistics business volume accelerated after the Spring Festival in February, the level of industry sentiment recovered steadily, the vitality of market players increased, the supply chain cycle improved, and overall logistics operations showed a steady upward trend.