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How China Logistics Market is Shaping Up after the Virus Outbreak

COVID19 severely affected the operations and supply chain worldwide. China's logistics market was also affected to the greater extent but it has witnessed a strong market growth in recent years. So what are the factors driving China Logistics Market growth?

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How China Logistics Market is Shaping Up after the Virus Outbreak

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  1. How China Logistics Market is Shaping Up after the Virus Outbreak? Published by Makreo Research and Consulting

  2. Overview The china logistics market has witnessed strong market growth in recent years and after the COVID-19 disrupted operations and supply chain worldwide, the sector has gained attention. Emerging economies are rapidly developing their Freight and Logistics market infrastructure to manage the demand supply gap. Trade has grown as an important component of China's overall economy, and it has been a key tool in the country's economic modernization and this is benefitted the freight and logistics market. According to the China logistics market report published by Makreo Research, China ranks second in global exports with 8.9% share, by shipping nearly 40% of its exported goods to the EU and the US. Makreo Market Research and Consulting

  3. Role of E-commerce in Logistics According to China logistics market report, China is home to the world's largest e-commerce market, with more than half of the global e-commerce transactions taking place in the country. According to the International Trade Administration, an agency in the United States Department of Commerce, online retail transactions in China amounted to USD 1.93 trillion in 2019. E-commerce exports were CNY 1.12 trillion, up 40.1% on a yearly basis while imports stood at CNY 570 billion, up 16.5% Y-o-Y and this trend has left a direct and positive impact over the freight and logistics market. Makreo Market Research and Consulting

  4. Key Growth Factors for China Logistics Industry: China has made significant investments in transportation infrastructure, there has been a remarkable connectivity improvement both within China as well as between China and other countries. In China freight and logistics market report, Infrastructure has been described in detail, including following areas: • Road Transport • Rail Transport • Air Transport • Maritime Transport Click on the link below to read the full blog on China Logistics Industry. https://www.makreo.com/blog/china-logistics-market Makreo Market Research and Consulting

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