China's Logistics Sector Continues to Grow in 2016
China's Logistics Sector Continues to Grow in 2016
Beijing - QNA
China's logistics industry grew steadily last year amid industrial restructuring, China's top economic planner said.
The total value of social logistics goods in 2016 expanded by 6.1 percent year on year to 229.7 trillion yuan (about 33.2 trillion U.S. dollars), said the National Development and Reform Commission (NDRC). The gross revenue of the logistics industry hit 7.9 trillion yuan, up 4.6 percent over 2015, according to the NDRC.
Combined logistics expenditures in 2016 totaled 11.1 trillion yuan, up 2.9 percent from a year ago. The figure accounted for 14.9 percent of China's GDP last year, down 1.1 percentage points from that in 2015, Xinhua news agency reported.
Source: QNA
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