According to a report in Xinhua the International Monetary Fund has forecast the market share of the logistics industry in China will rise to 1 trillion yuan ($US120 billion) by 2010, compared with 461.8 billion yuan ($US55.6 billion) in 1999.
That doubling of value in ten years is not quite as impressive as it might seem.
Post-1978 China saw average real growth of more than 9 percent a year. In several peak years, the economy grew more than 13 percent. Per capita income has nearly quadrupled in the last 15 years.
While the logistics industry is, indeed, growing, it is not growing as fast as the rest of the economy.
Source: Xinhua
Source: Supply Chain
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