Demand for logistics in China to grow 15 percent

Demand for logistics in China to grow 15 percent Demand for logistics services in China is set to rise by 15 percent in 2007, similar to growth in the sector last year, the China Logistics Information Center said Friday.
   Companies spent an estimated $7.65 trillion on logistics in China in 2006, a 17.1 percent hike from 2005. Logistics for industrial products accounted for the lion's share of the turnover (88 percent).
   Along with increased demand in 2005, the information center is forecasting an 11 percent rise in logistics costs, primarily due to higher fuel costs.