Lack of demand and rise in costs affect logistics
Source: Xinhua |
June 25, 2012, Monday
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Print Edition
Print Edition
THE demand for logistics services in China is slowing while the industry's costs continue to rise, according to the China Federation of Logistics and Purchasing.
The value of the industry rose 10 percent year-on-year to 67.3 trillion yuan (US$10.68 trillion) in the first five months, down 0.2 percentage points from the rate for the January-April period, the federation said.
The growth rate was also 3.7 percentage points lower than in the same period last year.
Meanwhile, the sector's costs during the first five months went up 12 percent year-on-year to 3.4 trillion yuan, up 0.2 percentage points from the rate for the January-April period.
During the period, fixed-asset investment in the sector increased 8.5 percent year-on-year to 1.1 trillion yuan, down 19 percentage points from the same period a year earlier.
The main business revenues of major logistics companies rose 15.8 percent year-on-year in the first four months, down 0.4 percentage points from the January-March period.
However, the federation expects growth in the sector to increase faster in future due to several factors, including private investment.
The value of the industry rose 10 percent year-on-year to 67.3 trillion yuan (US$10.68 trillion) in the first five months, down 0.2 percentage points from the rate for the January-April period, the federation said.
The growth rate was also 3.7 percentage points lower than in the same period last year.
Meanwhile, the sector's costs during the first five months went up 12 percent year-on-year to 3.4 trillion yuan, up 0.2 percentage points from the rate for the January-April period.
During the period, fixed-asset investment in the sector increased 8.5 percent year-on-year to 1.1 trillion yuan, down 19 percentage points from the same period a year earlier.
The main business revenues of major logistics companies rose 15.8 percent year-on-year in the first four months, down 0.4 percentage points from the January-March period.
However, the federation expects growth in the sector to increase faster in future due to several factors, including private investment.
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