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|Tuesday, September 04, 2001, updated at 14:27(GMT+8)|
China Holds Second Int'l Logistics SummitChinese and foreign experts attending the Second China International Logistics Summit that opened Monday in Beijing expressed similar views that the Chinese logistics industry has a promising future.
The improvement of the country's transportation conditions has laid a solid foundation for the further development of logistics. China has finished all its national highways planned so far, forming a network covering over 200 cities and 600 million people, sources at the meeting said.
Up to now, the total cargo volume of international containers handled by Chinese companies has reached 140 million tons, of which containers transported by road account for over 70 million tons.
China will pay more attention to the growth of logistics in the next five years by building 30 modern logistics distribution centers and 10 large international logistics networks for companies, and developing modern harbors.
The Chinese government will reduce the cost of transportation. According to an estimate by the World Bank, if China lowers one percent of its logistics cost, some 240 billion yuan can be saved in one year.
Experts have pointed out that in developed countries logistics has become a new industry. In China, it is being pushed forward at a fast speed. As China further promotes its reform and opening-up drive, modern logistics will become a major business and a new economic growth point.
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