Innovation crucial to logistics equipment

Continued growth in manufacturing and commerce in China will support the development of the logistics equipment industry, said Lu Daming, the director general of the Chinese Mechanical Engineering Society.

Lu said sales of logistics equipment are increasing, with the gross output generated by the industry reaching 220 billion yuan in the first half of 2011, a 30 percent year-on-year increase.

The director general projects the figure will reach 400 billion yuan for the entire year.