Jun. 25, 2012 (China Knowledge) - China’s total logistics expense grew 12% YoY to RMB 3.4 trillion in the first five months of this year, according to figures from the National Development and Reform Commission
The growth rate was 0.2 percentage points higher than that in the first four months and 6 percentage points lower than that in the same period of 2011.
Of the total expense, RMB 1.8 trillion was transportation cost, up 11.2% YoY, RMB 12 trillion was storage cost, up 12.7% YoY, and RMB 400 billion was management cost, 3.4% more than that in the same period of last year.
The value of goods transported by logistics industry grew 10% YoY to RMB 67.3 trillion in the first five months. The growth rate was 3.7 percentage points lower than that in the corresponding period of 2011. The value included RMB 61.3 trillion of industrial products and RMB 4.7 trillion of imported goods, 10.7% and 2.5% more than that in the same period of last year, respectively.
The logistics industry saw its value-added output rise at a lower growth of 10.5% YoY to RMB 1.4 trillion in the 5-month period, including RMB 1 trillion in the transportation sector.
The country's fixed-asset investment in the logistics industry amounted to RMB 1.1 trillion in the first five months, up 8.5% YoY, The growth rate was 19 percentage points lower than that in the same period of last year.