Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
Industry

Chinese logistics giants accelerate layouts in B&R markets with policy support

April 29, 2020


Abstract : Chinese logistics giants are speeding up their layouts in the Belt and Road markets with the support of favorable policies aiming at stabilizing the foreign trade amid the COVID-19 outbreak, reported Securities Daily Tuesday.

BEIJING, April 29 (Xinhua) -- Chinese logistics giants are speeding up their layouts in the Belt and Road markets with the support of favorable policies aiming at stabilizing the foreign trade amid the COVID-19 epidemic, reported Securities Daily Tuesday.

In order to secure stable foreign trade amid the epidemic, the Chinese authorities involving transport, commerce, customs, railway, aviation and state post, jointly issued a circular with China State Railway Group Co., Ltd., proposing measures to forge a sound logistics environment for foreign trade by smoothing the transport channels, cutting the import and export logistics costs, etc.

Cainiao Network, Alibaba's delivery arm, has managed to maintain the operation of its global logistics network amid the epidemic, and kept transporting parcels from hundreds of thousands of merchants to key Belt and Road regions every day.

On April 10, the company announced that its cross-border e-commerce logistics orders have returned to the pre-epidemic level.

ZTO Express, another leading express delivery company in China, on February 19 started trial operation of its transit center in Bangkok, Thailand, and its express service network covers the entire territory of Thailand.

BEST Inc. (NYSE: BEST), a leading integrated smart supply chain and logistics solutions provider in China, started to provide logistics and supply services as early as 2018 to Southeast Asian countries which were once hailed as the "first stop" of the Belt and Road.

The express delivery business of BEST Inc. is booming in Southeast Asia, and as of the end of December 2019, the service network had covered the whole territory of Thailand and 91 percent of the territory of Vietnam, said a source from the company.

Shanghai courier YTO Express started the international express package business in Vietnam in November 2019.

"So far, the air services of YTO Express have covered Southeast Asia, North Asia, South Asia, Central Asia and other Belt and Road countries. Apart from a B737F all-cargo aircraft, the company has also put another five B757 all-cargo carriers in service to provide nationwide and global air transport services," said a staff from the company.

Driven by the Belt and Road Initiative (BRI), the trade between China and the Belt and Road countries and regions is growing fast, yielding rapid expansion of logistics demand and market capacity, and early deployment in the logistics systems of these markets is conducive to seizing market share ahead of time and gaining benefits in the future, noted Tao Jin, a senior researcher with Suning Financial Research Institute.

"The engagement of Chinese logistics firms in the construction of local logistics infrastructure will significantly improve the trade efficiency of Belt and Road countries, reduce trade transaction costs, and thus promote the growth of trade with China," he believed. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: Belt and Road Countries Chinese logistics companies

Reading:

China's agriculture sector withstands COVID-19 epidemic

Economic Watch: Next level: China's Nasdaq-style ChiNext board embraces reform for new bellwethers

E-tickets cover all high-speed, inter-city railways on Chinese mainland

China imports about 1,500 breeding goats from Australia

China Focus: Major rice producer promotes double-cropping rice to ensure food security

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial