Zhilun Jiao - Contemporary Logistics in China: Systemic Reconfiguration and Technological Progression

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Book cover of Contemporary Logistics in China

Current Chinese Economic Report Series

The Current Chinese Economic Reports series provides insights into the economic development of one of the largest and fastest growing economies in the world; though widely discussed internationally, many facets of its current development remain unknown to the English speaking world. All reports contain new data, which was previously unknown or unavailable outside of China. The series covers regional development, industry reports, as well as special topics like environmental or demographical issues.

More information about this series at http://www.springer.com/series/11028

Editors

Zhilun Jiao , Xiaofan Wu , Bing-lian Liu , Shao-ju Lee and Zhijuan Chen

Contemporary Logistics in China

Systemic Reconfiguration and Technological Progression

1st ed. 2021

Logo of the publisher

Editors

Zhilun Jiao

Logistics Research Center, Nankai University, Tianjin, China

Xiaofan Wu

Logistics Research Center, Nankai University, Tianjin, China

Bing-lian Liu

Logistics Research Center, Nankai University, Tianjin, China

Shao-ju Lee

Logistics Research Center, Nankai University, Tianjin, China

Zhijuan Chen

Department of Management Science and Engineering, Nankai University, Tianjin, China

ISSN 2194-7937 e-ISSN 2194-7945

Current Chinese Economic Report Series

ISBN 978-981-16-5579-1 e-ISBN 978-981-16-5580-7

https://doi.org/10.1007/978-981-16-5580-7

The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021

This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.

The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.

The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd.

The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Contents

Xiaomei Jiang

Fan Qin

Jianhua Xiao

Jun Liu

Zhijuan Chen

Xiaofan Wu

Xiang Li

Ling Wang

Yong Liu

Jinglei Yang

Zhilun Jiao

The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021

Z. Jiao et al. (eds.) Contemporary Logistics in China Current Chinese Economic Report Series https://doi.org/10.1007/978-981-16-5580-7_1

1. Development of Chinas Logistics Market

Xiaomei Jiang

(1)

Tianjin Normal University, Tianjin, China

Xiaomei Jiang

Email:

The People's Republic of China welcomed its 70th birthday in 2019. During the year, while facing a complex combination of a faltering world economy and deteriorating global trade conflicts, China's economy was stable on the whole. Economic growth reached the government's expectation and further opening up to the outside world was sustained, which reflects strong resilience and vitality in the Chinese economy. This healthy economic performance provided strong support to the steady development of China's logistics industry. In 2019, the industry continued to expand, and the quality of its development has steadily improved, thus accelerating China's shift from a big logistics country to a strong logistics country.

This chapter is divided into three sections. In section summarizes the major characteristics of China's logistics market, including changes in demand for logistics, capital flow into the logistics industry, automation and digital transformation in the logistics industry, logistics market integration, and the internationalization of domestic logistics companies.

The Environment for Chinas Logistics Development

Obvious Slowing of Global Economic and Trade Growth

Major Economies Facing Declining Growth Rates

In 2019, a strained situation in world trade continued to intensify and bring about further uncertainty. This inhibited the potential for global economic growth and the major economies generally were shown to be slowing down. According to IMF data, the global economic growth rate was 2.9% in 2019, 0.8% points lower than that of the previous year. This was the lowest in the decade. Among the developed economies, despite America's continuous economic expansion, its growth rate did slow to some extent; meanwhile, the Eurozone's slowed much more than expected. Among the emerging markets and developing economies, China's economic growth rate slowed and India's declined significantly. Table shows the economic growth of the major world economies for 20152019.

Table 1.1

Economic growth of the major world economies, 20152019 (%)

	2015	2016	2017	2018	2019
World economic growth	3.1	3.2	3.7	3.7	2.9
Developed economies	1.9	1.7	2.3	2.3	1.7
United States	2.5	1.5	2.3	2.9	2.3
Eurozone	1.5	1.8	2.4	1.8	1.2
Japan	0.6	0.9	1.8	0.9	1.0
Emerging markets and developing economies	4.0	4.4	4.7	4.6	3.7
China	6.9	6.7	6.8	6.6	6.1
Russia	3.7	0.2	1.8	1.7	1.1
India	7.3	7.1	6.7	7.3

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