ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China creates massive state-owned logistics group

Move reflects Beijing's restructuring drive to boost competition in sector

A railway port in Zhejiang Province, China. The country wants to see its logistics and other sectors become more efficient and competitive.   © Reuters

A new logistics giant in China that combines five state-owned companies launched on Monday in a push by the central government to consolidate state assets.

China Logistics Group, with registered capital of 30 billion yuan ($4.7 billion), was created through a combination of China Railway Materials Group and four subsidiaries of China Chengtong Holdings: China National Materials Storage and Transportation; CTS International Logistics; China Logistics; and China National Packaging.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more