China and the United States will enhance cooperation in
logistics by jointly hosting a logistics exhibition next year, Wang
Jinzhen, secretary-general of China Council for the Promotion of
International Trade (CCPIT), said on Tuesday.
The "Sino-American Logistics Conference and Exhibition 2007"
will be held from July 18 to 20 next year in Beijing.
China hoped to borrow experience from the US to update service
management, personnel training and technology research and
development, Wang said.
Meanwhile, China's booming economy will also provide great
opportunities for US logistics firms, Wang said.
In line with China's commitment on its entry to the World Trade
Organization, the country's domestic logistics business opened to
overseas investors in December last year.
China's logistics industry has developed rapidly. The turnover
of the industry totaled 48 trillion yuan (US$6 trillion) last year,
compared with 19.4 trillion yuan in 2001.
(Xinhua News Agency November 29, 2006)