China's logistics sector posts steady revenue growth in 2023

0 Comment(s)Print E-mail Xinhua, February 11, 2024
Adjust font size:

China's logistics sector reported steady revenue growth last year, according to the China Federation of Logistics and Purchasing.

The industry generated revenue totaling 13.2 trillion yuan (about 1.86 trillion U.S. dollars) in 2023, up 3.9 percent year on year, the federation said.

China's logistics efficiency continued to improve last year. The ratio of social logistics costs to GDP was 14.4 percent in 2023, down 0.3 percentage points from the previous year.

Solid progress was made in the construction of logistics infrastructure. In 2023, whole-year investment in logistics-related fixed assets such as transportation, warehousing and postal services increased by more than 10 percent year on year, according to the federation.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from