China logistics industry value up 25.5pc in first half

China's national logistics trade value rose 25.5 percent in the first half of 2007 year on year to CNY33.8 trillion, (US$4.4 trillion) showing 1.7 percent faster than that recorded in the first quarter, Xinhua reported.

According to the China Federation of Logistics & Purchasing's January to June statistics, industrial logistics value jumped by 27.4 per cent to CNY29.8 trillion, growing 2.2 percent faster than it did in the first quarter.

Import logistics value went up 13.6 percent to CNY3.4 trillion, growing 0.5 percent slower than in the first quarter. Slower growth was said to result from changes in the exchange rate. Agricultural logistics value rose 14.3 percent. Recycled resources logistics value rose 17.5 percent.

China's national logistics spending also went up 16.2 per cent to CNY1.95 trillion. The growth was 0.9 percent faster than it had been the first quarter and 1.3 percent faster than it was in the first half of 2006.

Storage costs rose 20 percent to CNY640.5 billion, 1.4 percent faster than in the same period a year ago. Distribution costs rose 36.9 percent to CNY28.8 billion. Processing related costs increased 29.3 percent to CNY124 billion. Packaging costs rose 37.5 percent to CNY27.4 billion.

Logistics industry management costs increased by 10.6 percent to CNY237.9 billion, 3.1 per cent slower than the growth in the same period in 2006.