China's cold-chain logistics sector saw steady expansion in 2024, driven by the continuous release of consumer demand, industrial data showed Monday.
China's total demand for cold-chain logistics reached over 365 million tons in 2024, a year-on-year increase of 4.3 percent, according to the China Federation of Logistics and Purchasing (CFLP).
The annual total revenue of cold chain logistics in 2024 logged 536.1 billion yuan (about 73.19 billion U.S. dollars), a year-on-year increase of 3.7 percent, according to the CFLP.
The sector was in a volatile development trend of moving forward under pressure, and was gradually stabilizing and recovering, according to a CFLP official.
"The diverse demands of consumers for fresh products and their need for immediate consumption have driven the development of the fresh cold-chain sector. Additionally, as consumers place greater emphasis on food safety, large-scale catering delivery has also seen significant growth," said Qin Yuming, secretary-general of the Cold Chain Logistics Committee of the CFLP.
Since the third quarter of 2024, driven by the catering industry and fresh food e-commerce, the overall growth rate of cold-chain logistics has rebounded. In 2024, the annual catering revenue was over 5.57 trillion yuan, a year-on-year increase of 5.3 percent, according to the National Bureau of Statistics.
In addition, the sector also showcased a clear green transformation trend. In 2024, the sales volume of new energy refrigerated trucks reached 21,368 units, a year-on-year increase of 350.8 percent; and the penetration rate of new energy refrigerated trucks was 33.9 percent, an increase of 25.2 percentage points year on year.
China's cold-chain logistics sector sees steady growth in 2024
Canadian Prime Minister Mark Carney's official visit to China signals a policy shift towards building a more pragmatic relationship between the two countries, according to a Canadian researcher.
Carney arrived in Beijing on Wednesday to begin an official visit to China through Saturday, which marks the first trip by a Canadian Prime Minister to the country in eight years.
Robert Hanlon, director and principal investigator of Canada and the Asia Pacific Policy Project (CAPPP) at Thompson Rivers University in British Columbia, told the China Global Television Network (CGTN) that Carney's visit indicates Canada is recalibrating its strategic perception of China, which could cement the foundation for the country's economic diversification efforts and boost the development of bilateral cooperation.
"I think it's a clear message that he has moved Canada's strategy to a much more pragmatic, interest-based, -focused relationship with our trading partners, moving away from values-based narratives that we might have heard on previous governments. Canada has spoken about moving from what the Prime Minister's Office is calling "from reliance to resilience", and that means diversifying our economies and our trade everywhere in the world. And so China being our second largest trading partner, it makes perfect sense for our PM to head to Beijing," he said.
The scholar also noted the huge cooperation potential between the two sides in economic and trade fields, citing Canada's efforts to step up shipments of liquefied natural gas (LNG) and the planned construction of an oil pipeline in Alberta which aims to increase export access to Asian markets. "Canada and China both share tremendous economic opportunities together and so finding ways to enhance our exports. Canada specifically looking to build out its LNG and oil, kind of export market. We know Canada is a major producer of critical minerals and China is a buyer. And so there's a lot of synergy between that kind of those kind of markets," he said.
Canadian PM's visit to China paves way for more pragmatic trade ties: scholar
