In the first 10 months of this year China’s logistics industry earned somewhere around RMB100 trillion (US$15 trillion). Impossible to be more precise than that because it very much depends on how you define logistics.
Still, Cui Zhongfu, vice president of the China Federation of Logistics and Purchasing, seems fairly safe with that number, which represents a 16.8% year-on-year increase in revenue and a growth rate of 9.9%.
The important point with figures like this is you always use the same definitions as to what is and what is not logistics.
China Magazine reported that cargo transport volume grew 27.1% year-on-year in the first eight months of 2010, with revenue and net profit in the same period growing 41% and 44.8% year-on-year. No matter how you define the figures it is all very much an upward curve.