BEIJING - China's logistics industry will grow at a slower pace this year, following a period of industrial restructuring and weak economic growth, according to a report released on Thursday.
The total value of social logistics goods will expand by 9 percent year on year in 2014 from 197.8 trillion yuan's (about $32 trillion) worth of goods circulated last year, said a report released by the China Federation of Logistics and Purchasing and the China Society of Logistics.
The expected growth will be 0.5 percentage points lower than that seen last year.
As the Chinese economy grew 7.4 percent year on year in the first quarter of 2014, the logistics industry also lost steam, expanding by only 8.6 percent to 47.8 trillion yuan.
Driven by the boom in e-commerce, express and warehouse services have outpaced shipments by roads, rivers and the sea, the report said.
Manzhouli to build Russia-oriented logistics distribution hub
New logistics information platform set up
Putting logistics at the heart of commerce
|
 |
 |
| E-commerce driving demand for warehouses | Online sellers look at new sites to make business click |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
