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China express service industry may slow down
HONG KONG, Jan 22 (WorldACD) - China’s fast developing express service industry may slow down in 2008 as cargo transportation demand from domestic and foreign companies may decrease due to the steam-losing US economy.
CargoNews Asia reported Logistics Association China as saying that foreign majors represented by DHL and Federal Express will tap the chance of Beijing 2008 Olympic Games to reinforce their leading positions in the Chinese market, while domestic players, especially private ones, which feature smaller business volume, weaker capital strength and poorer management, will see days get harsher.
Historical data show that China’s express service industry has been growing at a pace of around 30 percent in recent years and it has become one of the fastest growing markets of the world.
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