China Logistics Industry Report 2007 to 2008 — a new market research report on logistics in China — has just been published. China´s total value of logistics in 2007 reached RMB75.2282 trillion, up 26.2% year on year.
According to a conservative estimate by the China Federation of Logistics and Purchasing, China´s logistics industry will have a compound annual growth rate of 16% in the coming three years.
In 2007, the added value of China logistics industry was RMB1.7 trillion, up 20.3% year on year, accounting for 17.6% of the total of China service industry and 6.9% of China´s GDP.
In 2007, China´s total cargo transport volume was 22.53 billion tons and its turnover volume of freight transport was 10.1 trillion tons/kilometers, up 10.7% and 11.8% year on year respectively.
Source: PR Inside
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