Spending on Logistics Climbs 62% in 1H

Fixed-asset investment in China's logistics sector expanded 61.8% year-on-year to ¥924.4 billion during the first half of the year, the China Federation of Logistics and Purchasing said Monday. The rate was 4 percentage points faster than in the first 5 months and almost double the rate for all fixed-asset investments across the country over the same period.

$1 = ¥6.8