In recent years, China has maintained steady and rapid economic growth, providing a good macro environment for the rapid development of the modern logistics industry. In 2017, the total cost of China's social logistics reached 12.1 trillion yuan, a year-on-year increase of 9.2 percent. The market is huge and the future is promising.
The development of the logistics industry relies on transportation and geographical advantages. The market is the premise while the transportation is the guarantee. Transportation refers to highways, railways and the three-dimensional integrated transportation networks formed by water transportation, civil aviation, and pipelines. Since the reform and opening up, China's railways, highways, water transport, civil aviation and other transportation undertakings have made tremendous achievements, providing a reliable guarantee for the development and growth of the logistics industry.
China's logistics industry has witnessed rapid development in coastal cities such as Shanghai and Shenzhen, and is concentrated in those areas. The coastal areas are economically developed and blessed with numerous companies and developed transportation facilities, which are favorable for the rapid development of logistics enterprises.