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China issues Automotive Logistics Development Report 2024

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China

China

China issues Automotive Logistics Development Report 2024

2024-11-13 11:42 Last Updated At:12:07

China's vehicle transportation structure has seen encouraging optimization and a high-efficient comprehensive vehicle transportation network has gradually taken shape, according to China Automotive Logistics Development Report 2024 issued on Tuesday at the China Automotive Logistics Conference in Beijing.

The report shows that compared to 2014, the volume of auto logistics shipments has increased by 32.3 percent, with the share of rail and waterway transport rising from 15 percent to approximately 40 percent over the past decade. Rail transport, with its round-the-clock operation, high capacity, eco-friendly, and efficient characteristics, has become a stabilizing factor in the international supply chain.

Meanwhile, road transport has become primarily focused on short-distance distribution, with its share in long-haul routes declining and average transport distances shortening. A survey found that 57 percent of vehicle logistics companies report average single-trip distances below 500 kilometers, according to the report.

"Road logistics is focused on short-distance delivery and pickups, while rail and waterway handle long-haul routes. From the perspectives of green sustainability, efficiency, and cost, this structure is more rational," said Zuo Xinyu, secretary-general of automotive logistics branch under China Federation of Logistics and Purchasing.

As China's automakers expand into overseas markets, auto logistics companies are also actively establishing a global logistics network.

"For example, around 10 automakers have set up production capacity in Thailand, Malaysia, and Indonesia. This requires our auto logistics companies to keep pace with manufacturers and take the step toward globalization," Zuo said.

China issues Automotive Logistics Development Report 2024

China issues Automotive Logistics Development Report 2024

The total profits of light industrial enterprises above the designated size in China (firms with annual business revenue of at least 20 million yuan) exceeded one trillion yuan (about 138.67 billion U.S. dollars) in the January-September period, according to the China National Light Industry Council.

Driven by supportive policies aimed at boosting the consumption, such as consumer goods trade-in programs, China's light industrial economy has been operating smoothly. The domestic and foreign trade markets are expanding steadily, and investment is recovering rapidly.

In the first three quarters, the operating income of light industrial enterprises above the designated size reached 16.52 trillion yuan, with profits totaling 1.02 trillion yuan, a year-on-year increase of 7.2 percent.

Among them, the output growth rates for household freezers, air conditioners and refrigerators stood at 14 percent, 8 percent, and 7.5 percent, respectively, and industries such as papermaking, batteries and furniture saw profits maintaining a double-digit growth.

The market size of light industry expanded steadily, with exports reaching 682.16 billion U.S. dollars, up 2.6 percent year on year.

Profits of China's light industrial enterprises above designated size exceeds one trl yuan in Jan-Sept

Profits of China's light industrial enterprises above designated size exceeds one trl yuan in Jan-Sept

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