Monday, August 3, 2015   

China's logistics growth to slow
(05-15 15:16)

China's logistics industry will grow at a slower pace this year, following a period of industrial restructuring and weak economic growth, according to a report released on Thursday.
The total value of social logistics goods will expand by 9 percent year on year in 2014 from 197.8 trillion yuan's worth of goods circulated last year, said a report released by the China Federation of Logistics and Purchasing and the China Society of Logistics.
The expected growth will be 0.5 percentage points lower than that seen last year.
As the Chinese economy grew 7.4 percent year on year in the first quarter of 2014, the logistics industry also lost steam, expanding by only 8.6 percent to 47.8 trillion yuan.
Driven by the boom in e-commerce, express and warehouse services have outpaced shipments by roads, rivers and the sea, the report said. --Xinhua   
Other Business breaking news:
HSBC reports US$13.6b pre-tax earnings, staff costs rise by US$1.2b (48 mins ago)
Xiaomi shoves Apple off China smartphone perch (1 hr 10 mins ago)
South Korea posts US$52.4b current account surplus (1 hr 14 mins ago)
Regional markets fall (2 hrs 49 mins ago)
Oil prices lower in Asia (08-03 11:02)
Nikkei lower (08-03 11:01)
China factory production downturn worsens, Hang Seng and Shanghai tumble (08-03 11:00)
Russia's central bank cuts interest rate to 11 percent (07-31 20:11)
European stocks mixed (07-31 20:10)
(Greece crisis) Tsipras admits secret plan on eurozone exit (07-31 18:07)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.