Growing parts sector receives govt support

Modernization and further integration of transportation, warehousing, shipping agency, processing and distribution are crucial to competitiveness in the logistics industry, said He Liming, executive vice president of China Federation of Logistics and Purchasing.

Now the industrial chain is extending from supply and distribution to industry data and financial services, He said.

Through mergers and acquisitions, a group of international large logistics giants involved in an extensive range of services are emerging.