China's logistics sector sees steady growth

Updated 2016-11-21 10:41:40 Xinhua

China's logistics industry grew steady in the first ten months of this year amid industrial restructuring, a report showed on Sunday.

The total value of social logistics goods in January-October expanded by 6.1 percent year on year to 187.2 trillion yuan (about 27.5 trillion U.S. dollars), according to the latest data from the China Federation of Logistics and Purchasing (CFLP).

The growth was a result of the recovery of the country's industrial and construction sectors, said the CFLP.

China will encourage more sophisticated development of the logistics sector in the next five years to bolster economic growth and deepen supply-side reform, the National Development and Reform Commission said in a statement in March.

It promised policies during the 2016-2020 period to lower taxes and reduce costs in the logistics sector.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 21 2017 04:07:50

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 21 2017 04:07:50

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 21 2017 04:07:50

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords