Taking stock

Chen Ping, who runs logistics fi rm Stars Express, says the sector is still fragmented. [China Daily]

It is a 42.9-trillion-yuan industry where about 100,000 companies battle with major multinationals like DHL, TNT and FedEx, making it one of the world's most competitive.

But industry player Chen Ping says China's modern logistics sector, which involves the efficient management of resources, was not even a concept in the years following the founding of New China in 1949.