Logistics revenue up 6.9%
Print Edition
THE revenue of China’s logistics sector rose 6.9 percent year on year in 2014, driven by the online retail sales boom, new data showed yesterday.
The total revenue topped 7.1 trillion yuan (US$1.16 trillion) last year, according to a joint statement by the National Development and Reform Commission, the National Bureau of Statistics and the China Federation of Logistics & Purchasing.
The total value of goods carried by logistics firms last year rose 7.9 percent annually to 213.5 trillion yuan, the statement said. The growth rate was 1.6 percentage points below 2013’s.
The slower rise was due to the weaker GDP growth of 7.3 percent in 2014.
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