Value of China’s Logistics Reaches CNY 83.6 Tn in 12H1, Up 10% YoY

Source: China Federation of Logistics and Purchasing, ChinaScope Financial (Data)

+       China Federation of Logistics and Purchasing and China Logistics Information Center jointly reported on July 21 that the total value of China’s logistics reached CNY 83.6 trillion in 12H1, up 10% year-on-year. The 2012 estimate for China’s logistics is 11%, supporting a 7-8% GDP economic growth.

+       In 2012H1, spending on logistics totaled CNY 4.1 trillion, up 11.9% year-on-year, down 6.4 percentage points from 2011H1. The logistics spending-to-GDP ratio was 18%, maintaining the level of last year.

The cooler economic climate shows up in lower logistics value growth.

The ratio of logistics spending to GDP remained high in 12Q2, extending cost pressure to manufactures.

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