SHANGHAI :
Total Value of China's Social Logistics Tallies 24.4 Trillion, With Yearly Growth of 7% Over First 8 Months
Xu Wei
DATE:  Sep 26 2017
/ SOURCE:  Yicai
Total Value of China's Social Logistics Tallies 24.4 Trillion, With Yearly Growth of 7% Over First 8 Months Total Value of China's Social Logistics Tallies 24.4 Trillion, With Yearly Growth of 7% Over First 8 Months

(Yicai Global) Sept. 26 -- The logistics sector saw stable overall operation from January to August, with a slight drop in the growth rate last month and, despite a slight fall in the growth rate in July and August, in general, the basic upward trend in logistics operation remains unchanged, perd China Federation of Logistics and Purchasing data.

 Total value of social logistics amounted to USD24.4 trillion (CNY161 trillion) from January to August. At comparable prices, annual growth is 6.9%, down by 0.1% in the growth rate over January–July, but still 0.8% higher than last year's corresponding period, the federation reported.

 The total value of industrial goods logistics amounted to USD149.2 trillion, from January to August. At comparable prices, the annual rise is 6.7%, down by 0.1% over January–July, but still 0.7% higher than the corresponding period of last year. The total value of imported goods logistics amounted to USD8.1 trillion, with yearly growth of 10.6%, down by 0.8% in growth rate over January–July, but still 3.6% higher than the corresponding period of last year.

 From January to August, the total cost of social logistics was USD7.7 trillion, with annual growth of 9.9%, down by 0.2% i.e. over January–July. From January to August, total revenues of logistics industry amounted to USD5.8 trillion, with a per year growth of 12.4%, down by 0.3% in growth rate over January–July.

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Keywords:   China Federation of Logistics And Purchasing,LOGISTICS,Data