Logistics costs in China increase by 7.8 percent in January-May

Friday, 28 June 2019 11:34:40 (GMT+3)   |   Shanghai
       

In the first five months of the current year, total logistics costs in China amounted to RMB 5.4 trillion ($0.79 trillion), up 7.8 percent year on year, as announced by China’s National Development and Reform Commission (NDRC). In particular, in the given period China’s transportation costs amounted to RMB 2.9 trillion ($0.42 trillion), indicating a year-on-year increase of 7.4 percent, storage costs amounted to RMB 1.8 trillion ($0.26 trillion), up 8.5 percent year on year, while management costs amounted to RMB 0.7 trillion ($0.1 trillion), up 7.4 percent year on year.


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