China saw its domestic logistics turnover increase 23.8 times during 1991-2007 period, an annual increase of 22.2 percent.
Domestic logistics turnover increased to 75.2 trillion yuan (US$11 trillion) last year from 3 trillion in 1991, said Lu Jiang, China Federation of Logistics and Purchasing's chief.
Foreign enterprises invested 6,996 logistics programs in China last year, accounting for 18.5 percent of the country's total volume of foreign investment.
China has invested 7.8 trillion yuan to improve its logistics infrastructure since 1991. Currently, the country has 475 logistics bases nationwide, and more than 100 consultation organizations.
Lu said the fast development of logistics business had helped improve the business process of the country's booming production and manufacturing industries and promoted the prosperity of the retail sector and e-business.
Last year, sales volume of the nation's 100 largest chain store companies topped 1 trillion yuan, accounting for 11.2 percent of the country's total social consumer goods retail volume.
(Shanghai Daily December 1, 2008)
