Logistics will grow 15% in 2007

According to statistics from the National Development and Reform Commission, National Bureau of Statistics and China Logistics Alliance Network, the Chinese logistics industry rose 12.5% last year, accounting for 17.1% of the total increase in the service industry.

In 2007, the total increase in logistics has continued to develop at a faster rate than the service industry and gross domestic product (GDP).

The ratio of complete logistics’ cost to the national GDP decreased to 18.3 per cent from 18.5% in 2005. These statistics support the view that the logistic industry has a steady growth in China which will, inevitably, mean higher profits.

Source: China Daily