[photopress:logistics_China.jpg,full,alignright]According to the estimates of the China Federation of Logistics and Purchasing (CFLP), in 2007 China’s total logistics flow in 2007 grew 25.5% to RMB74.8 trillion ($10.27 trillion).
Lu Jiang, chairman of the CFLP at a forum on international logistics cooperation in Beijing said, ‘Although the industry maintained stable development in 2007, competition from foreign peers will mount in 2008 and the domestic logistics sector will see increasing openness.’
Lu also pointed out challenges facing domestic logistics enterprises, including insufficient information technology support and unadvanced transportation methods.
These seem to be good reasons why China ranks thirty in the world when it comes to logistics efficiency. See story on China’s logistics efficiency below.
Source: China View
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