[photopress:china_logistics_1.jpg,full,alignright]According to the China Logistics Information Center demand in the logistics sector will rise 15% year on year in China in 2007.
The sector turned over RMB59.7 trillion ($7.65 trillion) in 2006, up 17.1% over the previous year in comparable prices, mainly because of fast growth in shipping of industrial products and imported goods.
Industrial products contributed RMB52 trillion, up 16.4%, while imported goods added RMB6.5 trillion, up 25.2%.
Expenditures on shipping were estimated at RMB4 trillion ast year, up 13.2%. The costs are expected to grow at least 11% in 2007 due to rising oil prices and increasing labor costs.
Source: China View