Due to its booming economy and the influx of foreign direct investment in 2006, China witnessed a surge in demand for logistics and robust market growth. And the Chinese government’s deregulation on foreign-owned logistics companies has increased market opportunities for these companies to further penetrate the market.
According to new analysis from Frost & Sullivan, the Chinese logistics market generated revenues of $7.38 trillion in 2006, and this is forecast to reach $28.78 trillion in 2013.
At the completion of the Chinese government’s tenth five-year plan on transportation infrastructure in 2005, the railway length had reached 76.6 thousand kilometres, while highways reached 1.9 million kilometres.
