China's logistics flow grows 25.5% in 2007

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China’s total logistics flow grew 25.5% in 2007

<country-region w:st="on" /><place w:st="on" />China</place /></country-region />’s logistics flow continues to grow rapidly. According to the estimation by the China Federation of Logistics and Purchasing (CFLP), the total logistics flow reached 74.8 trillion yuan (10.27 trillion USD) in 2007. This is a 25.5 percent increase compared to 2006. Additionally, the logistics demand elastic coefficient (GDP to total logistics flow) was also raised from 2.8 in 2006 to 3.2 in 2007. Lu Jiang, chairman of the CFCP, expected that there will be more foreign competition and many more opportunities in the domestic logistics sector. However, Lu also predicted that insufficient information technology support and unadvanced transportation methods will be the major challenges for the domestic logistics companies. 9 application/xml false China Federation of Logistics and Purchasing Logistics logistics demand elastic coefficient logistics flow China's logistics flow grows 25.5% in 2007 People's Daily Online http://english.people.com.cn/90001/90778/90857/90862/6336454.html Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 6.0; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.0.04506) 127.0.0.1 127.0.0.1 Establish 208.105.4.154 false true false false true 187565 false false true false false false true 94086 blog blogsite/ChinaSupplyChain/web