In the January-October period of the current year, total logistics costs in China amounted to RMB 8.6 trillion ($1.25 trillion), up 3.3 percent year on year, with this growth rate 0.3 percentage points higher than that recorded in the January-September period this year, as announced by China’s National Development and Reform Commission (NDRC).
In particular, in the January-October period this year China’s transportation costs, storage costs and managements costs amounted to RMB 4.5 trillion ($0.65 trillion), RMB 2.9 trillion ($0.42 trillion) and RMB 1.2 trillion ($0.17 trillion), indicating respective year-on-year increases of 3.9 percent, 1.3 percent and 5.6 percent.