4.4 CHINA

In recent years, the Chinese cold chain industry has ushered in a new development cycle, thanks to the continuous improvement of its layout and in-depth integration with AI and big data, backed by the gradual implementation of related national standards and favorable policies as well as rising consumption. At the same time, its market size has triggered a new round of expansion, with rapid growth achieved in 2021, thanks to the recovery of the domestic macro economy and consumption.