China's logistics market size set to become world's largest for ninth consecutive year - Chinese report

According to the China Logistics Purchasing Federation, the total value of physical logistics volume in this year's economic operation (total social logistics) is expected to exceed 360 trillion former (about 7764 trillion yen), and the size of China's logistics market is
It is expected to be number one in the world for the ninth consecutive year. At present, there are more than 10,000 A-class logistics companies with a high level of information technology and business in the tourism industry.
The ratio of total social logistics costs to GDP this year is expected to be around 14.1%, down 0.3 percentage points from last year.
This means that the logistics costs per unit of GDP will decrease and the efficiency of logistics operations will be further improved. In 2025, a series of policies will take effect, and the demand for logistics in society will increase.
China's logistics market has maintained a gradual growth trend, supporting the sustained recovery of the economy.