The index tracking the sector's development went down 5.4 percentage points over the previous month to reach 51.5 percent in December last year, according to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co., Ltd.
A reading above 50 percent indicates expansion, while one below that reflects contraction.
The index has stayed above the boom-or-bust line for 10 consecutive months.
The sub-indexes for business volume and business costs stood at 54.4 percent and 51.8 percent, respectively, reflecting continuous increasing demand for warehouse businesses, the survey showed.
As sub-indexes for new orders and business activity expectations remain in the expansion territory, analysts believe the development of the warehouse storage industry will maintain sound momentum in the future.
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