China’s logistics sector booming as foreign trade expands

China’s logistics sector reported rapid growth in the first half of the year, boosted by thriving foreign trade as the recovery of the world’s second-largest economy has continued to consolidate.

The country’s foreign trade rose 27.1 percent year-on-year to 18.07 trillion yuan (about $2.79 trillion) in the first six months, its best performance for the same period in history, data from the General Administration of Customs (GAC) shows.

The record-breaking trade volume entailed rising shipping demand among foreign trade enterprises.

Source: World Trade Times