Ready for the big time in logistics industry
During the last 10 years, China has developed from a fragmented market into a broadly internationalized market, said executives from DHL Global Forwarding, the freight unit of Deutsche Post AG.
"We have experienced a true opening-up of the market, especially in the logistics industry. It is one of the most entirely open industries. We hardly experience any trade barriers whatsoever," said Kelvin Leung, chief executive officer for North Asia-Pacific at DHL Global Forwarding.
Ten years ago, the Chinese market was still fragmented, and it was very difficult to get an operating license. For operations like freight and logistics different types of licenses were needed, said Steve Huang, chief executive officer of DHL Global Forwarding China.