Chinas Spend on Purchasing and Logistics Climbs

The China Federation of Logistics and Purchasing reported fixed asset investment in logistics and purchasing during the six-month period as increasing 20.7% year over year, with expenditures at RMB 432.2 billion. Growth rate in this area showed a decline of 5.9% when compared to the same period last year.

The logistics and purchasing volume of industrial goods by China rose 15.6% to RMB 23.4 trillion. Volume of farm product purchases was RMB 461.5 billion, an increase of 14.7%

Added value for the sector of the economy was reported at RMB 646.3 billion, which was an increase of 11.8% and represented 17% of China’s total added value within the Service sector.