50.28 trillion dollars the value of the annual social logistical services in China

The total value of social logistics services in China increased by 5.8 percent year on an annual basis, reaching 360.6 trillion yuan (about 50.28 trillion dollars) in 2024.

Data issued by the Chinese Federation of Persons and Procurements showed that industrial logistics services, the main engine for total growth, increased by 5.8 percent, to 318.4 trillion yuan.

She explained, according to the Chinese “Xinhua” agency, that high -tech products, including integrated circuits, recorded a growth in the volume of logistics services exceeding 15 percent, while the percentage of social logistical services costs decreased to GDP to 14.1 percent, a decrease of 0.3 points Celsius compared to 2023, which reflects the improvement of efficiency.

Until the end of 2024, China has established 151 national logistical centers and more than 2,500 external warehouses, and opened 168 new air lines for international shipping in 2024.