[photopress:chinalogisticsmeeting.JPG,full,alignright]There is now a Shanghai Logistics Industry Association. Bailian Group vice chairman Lu Yongming has been appointed as association chairman and the idea is that this new association ill benefit Shanghai’s logistics industry.
It probably needs all the help it can get because it is growing so rapidly. From 2001 to 2005, the industry added value grew from RMB 62.86 billion ($8.04 billion) to RMB 117.55 billion with an annual growth rate of 16.9%, accounting for around 13% of the total gross domestic products (GDP) of Shanghai.
To get this into perspective equate Shanghai to Australia — it has very close to the same population, probably larger if you add in illegals — and the logistics industry is galloping ahead at 16.9% which is undoubtedly a world record AND it is a large slab of the economy of the city although easier to think of it as a city state.
A forecast is that during the 11th Five-Year Program (2006-2010), the city’s logistics industry will keep a growth rate of more than 10%. If that it the case then by 2010, Shanghai will have become the primary logistics center in Asia and the Pacific region. So, yes, it needs an association that can speak for its members.
Source: China Daily