Cold Chain Logistics in China Saw its Growth Rate Exceed 19.2%
2021-05-17
According to China Federation of Logistics and Purchasing (CFLP), from 2016 to 2020, China has seen an average annual growth rate of the market volume in cold chain logistics exceeding 19.2%. In 2020, the total market value of cold chain logistics in China reached RMB 4.81 trillion (US$ 735.27 billion), with total revenues up to RMB 288.6 billion (US$ 44.12 billion) in cold chain logistics, indicating over 20% year-on-year growth. And the market value of cold chain logistics in China is expected to break RMB 550 billion (US$ 84.07 billion) in 2025.
