Lu Jiang, chairman of the China Federation of Logistics and Purchasing, said Thursday China' s logistics restructuring and stimulus plan had brought new development opportunities to the sector and helped the industry back to rapid growth path.

The fixed assets investment of China's logistics sector surged 55 percent year on year in the first ten months, higher than the 33.1 percent growth rate of China' s urban fixed-asset investment nationwide in the same period, Lu said at the 2009 Annual Conference of Chinese Logistics Enterprises.

The State Council, or the Cabinet, unveiled a 4-trillion-yuan (586 billion U.S. dollars) stimulus package in November 2008 and ten specific restructuring and stimulus plans this year including logistics, petrochemicals and other sectors.

Official figures revealed that the combined output value of China's logistics sector rose 4 percent year on year to 1.47 trillion yuan in first three quarters.

More than 600 entrepreneurs and experts in the logistics industry from China, the United States, Canada, Russia, Italy and other countries took part in the two-day event held in Zhengzhou, the capital city of central Henan Province.

Comments