February 27, 2009

Beijing Readies Logistics Stimulus

The latest (and tenth) Chinese economic sector to get a central government stimulus package will be logistics specifically tax breaks and infrastructure development in the areas of energy, metals, automobiles, farm products and medicine. Despite the global slowdown and correction in trade flows, logistics development is accelerating in China. UPS recently opened a new hub in Shanghai that links all China to its international network, FedEx just opened its new Asia Pacific hub (see my post on that) in Guangzhou, and Nike will soon break ground on its largest logistics center outside Suzhou...

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