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China to build 26 new national-level logistics hubs to boost supply chain efficiency

China

China

China

China to build 26 new national-level logistics hubs to boost supply chain efficiency

2024-10-03 19:48 Last Updated At:20:07

China on Wednesday unveiled a new list for the construction of 26 national-level logistics hubs, spanning provincial-level regions including Jiangsu, Anhui and Sichuan in the eastern, central and western parts of the country, aiming to streamline the country's logistics infrastructure and reduce overall logistical costs.

The latest batch of national-level logistics hubs, which was unveiled by the National Development and Reform Commission (NDRC), includes three land port-based logistics hubs, two airport-based ones, a seaport-based one, eight ones for production services, nine ones for trade service, and three land border port-based ones. The construction of the hubs is intended to further improve the country's national logistics network, according to the NDRC -- the country's top economic planner.

"A major purpose of establishing national-level logistics hubs is to integrate the scattered logistics facilities and improve logistical operations, so as to realize a large-scale organization, agglomerated development and network-based operation of logistics. By doing so, we can optimize the distribution of logistics resources and reduce the cost of logistics in the whole of society, promoting the work in all areas by drawing upon the experience gained on key points," said Wu Junyang, deputy director of the Economic and Trade Department of the National Development and Reform Commission.

So far, the NDRC has released six lists for the construction of national-level logistics hubs covering all the 31 provincial-level regions and the Xinjiang Production and Construction Corps on the Chinese mainland.

According to the newly-released list, the proportion of national-level logistics hubs for production services will further increase, with those in the list of 26 ones newly unveiled accounting for roughly one third.

The construction of national-level logistics hubs for production services is primarily in coordination with construction of the layout of large-scale factories and mines, manufacturing bases and industrial agglomeration areas. As regional logistics organization centers, they are mainly intended for raw materials supply for industrial and agricultural production, storage and distribution of intermediary products and finished products and other integrated modern supply chain services.

"We will give a full play to the pivotal and pioneering role of national logistics hubs to lead optimization of the layout of productive forces, facilitate the formation of nearly support industrial ecosystems with advantageous resources and advantageous industries, and promote the formation of a new model for coordinated development of logistics featuring 'industrial clusters plus logistics hubs', so as to enhance industrial competitiveness and the driving force for regional economic development," Wu said.

So far, there have been 151 national-level logistics hubs, reaching more than 70 percent of the planned total.

The country has also seen a steady growth in cargo throughput and an increasingly greener logistics.

In the first half of this year, the average cargo throughput of national-level logistics hubs grew by five percent over the corresponding period of the previous year.

Also in the six-month period, logistics hubs in the central region showed the highest growth rate, with a 10.5-percent year-on-year increase, while the land border port-based logistics hubs saw the fastest growth in cargo throughput at 29.3 percent.

In terms of investment, the northeastern region saw the highest growth rate in hub investments at 44.2 percent in the January-June period.

Meanwhile, the amount of renewable energy used by the logistics hubs jumped by 29.1 percent over the same period of last year.

China to build 26 new national-level logistics hubs to boost supply chain efficiency

China to build 26 new national-level logistics hubs to boost supply chain efficiency

The third phase of the 139th China Import and Export Fair, or Canton Fair, opened Friday in Guangzhou, capital of south China's Guangdong Province, featuring a dazzling array of lifestyle products.

The five-day segment of the world's largest trade fair , running May 1 till 5, focuses on toys, maternity and childcare products, home textiles, stationery, as well as health and leisure goods, with an exhibition area of ​​515,000 square meters and 25,000 booths.

The third phase also displays smart healthcare products, fashion trends, and silver economy applications, closely addressing the diverse needs of global consumers for health quality, personalized consumption, and emotional companionship, and will launch over 150 new product debut events.

The Canton Fair runs from April 15 till May 5 in three phases, each highlighting categories from advanced manufacturing to home living and lifestyle products. Covering 1.55 million square meters, the fair features 75,700 booths and more than 32,000 enterprises, including about 3,900 first time exhibitors.

Established in 1957, the Canton Fair takes place twice a year in Guangzhou. It is the longest-running of several comprehensive international trade events in China, and has been hailed as the barometer of China's foreign trade.

Canton Fair enters third phase, featuring lifestyle products

Canton Fair enters third phase, featuring lifestyle products

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