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Shanghai Logistics Industry Association established
By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2006-12-31 08:40
Shanghai's logistics industry has seen rapid development in recent years. From 2001 to 2005, the industry added value grew from 62.86 billion yuan (US$8.04 billion) to 117.55 billion yuan with an annual growth rate of 16.9 percent, accounting for around 13 percent of the total gross domestic products (GDP) of the city. During the 11th Five-Year Program (2006-2010), the city's logistics industry will keep a growth rate of more than ten percent and logistics costs/GDP rates will slip two percentage points. By 2010, Shanghai will become a preliminary international logistics hub and a logistics center in Asia and the Pacific region. ...... The full text is available in the December Issue ofLogistics China. (For more biz stories, please visit Industries)
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