China's total social logistics volume in 2024 is expected to exceed 360 trillion yuan (about 49.42 trillion U.S. dollars), according to the China Federation of Logistics and Purchasing (CFLP) on Wednesday.
The projection was announced by the organization at the 2024 Annual Conference of Chinese Logistics Entrepreneurs held from Tuesday to Wednesday in Hefei City, east China's Anhui Province.
At the same time, social logistics costs have steadily declined, and the ratio of total social logistics costs to GDP is expected to drop to around 14.1 percent in 2024, a significant decrease of 7.2 percentage points compared with 21.3 percent in 2004, according to the CFLP. It suggests that the level of logistics operation has improved significantly over the past 20 years, helping to improve the efficiency of economic operation.
Meanwhile, logistics companies continue to grow and develop. So far, China has more than 10,000 A-level logistics companies, and a number of world-class companies and outstanding entrepreneurs have emerged in the fields of shipping, aviation, railways, express delivery, and supply chain.
Market entities have basically completed the transformation from providing traditional transportation and warehousing services to modern logistics, and are accelerating the upgrade to supply chain services. By adjusting the industrial organization mode, the shortcomings of productive services are supplemented to help enhance the core competitiveness of the industry, according to the CFLP.
China's 2024 social logistics volume expected to surpass 360 trillion yuan
An immersive flower-themed digital exhibition recently opened in Beijing to celebrate the 25th anniversary of Macao's return to the motherland.
The exhibition, "Meet the World of Flowers," debuted in November in the Chinese capital's 798 Art District. It offers a captivating walk-through experience with various blooming flower images projected by advanced LED lights. The show is also enhanced by real floral props and floral scents, delivering a more immersive atmosphere for visitors.
A special unit at the exhibition, "The Journey of Migratory Birds - Macau Chapter", celebrates the cultural gems of the Macao Special Administrative Region. One standout feature of the unit is the display of lotus flower, which symbolizes Macao and is featured on the region's flag.
Yu Cheok Tong, a student from Macao studying at Beijing Foreign Studies University, expressed her amazement at the wonderful show of light and shadow. "I think it's totally gorgeous because I was very impressed since we have entered the first scene - the huge block facing us with the projection of the spectacular imagery. I was shocked because it felt like I had entered a secret garden, feeling like I was the protagonist. From that moment, I was really immersed in this exhibition," she said.
The captivating walk-through also evoked a sense of home for Ng Wai Lam, a student from Macao at Beijing Normal University.
"I think the show is really breathtaking. You can see all the flowers and petals flowing in the wind, and it just reminds me of Macao's spring," he said.
Since its return to the motherland on Dec 20, 1999, Macao has transformed into a modern, international metropolis, thanks to strong support from the central government and its active integration into the Chinese mainland. Over the past 25 years, Macao has made remarkable progress in both economic development and improving people's livelihoods.
Flower-themed digital exhibition in Beijing celebrates 25th anniversary of Macao's return
Flower-themed digital exhibition in Beijing celebrates 25th anniversary of Macao's return
