China Knowledge reported that China's total logistics expense grew 11.9%YoY to CNY 8 trillion in the first eleven months of this year.
According to figures from the National Development and Reform Commission,the growth rate was 0.4 percentage points higher than that in the first ten month of this year.
Of the total expense,CNY 4.1 trillion was transportation cost,up 11.2%YoY,CNY 2.9 trillion was storage cost,up 12.3%YoY,and CNY 1 trillion was management cost,13.6%more than that in the same period of last year.
The value of goods transported by logistics industry grew 9.7%YoY to CNY 163.43 trillion in the first eleven months.The growth rate was 0.1 percentage points higher than that in the first ten months.The value included CNY 149.4 trillion of industrial products and CNY 10.5 trillion of imported goods,10%and 6.6%more than that in the same period of last year,respectively.
The logistics industry saw its value-added output rise 9.5%YoY to CNY 3.2 trillion in the eleven-month period.
The country's fixed asset investment in the logistics industry amounted to CNY 3.5 trillion in the first eleven months,up 22.2%YoY.The growth rate was 12.6 percentage points higher than that in the same period of last year.