China's logistics reform imperatiue

Despite current achievements and a possible 30 per cent growth rate in the coming years, China’s logistics market is still fledgling and muddy, said Ding Junfa, vice-president of the China Federation of Logistics and Purchasing. Logistics is an important ingredient for a country to succeed in a globalized economy, said Alan Waller, president of the United Kingdom-based Institute of Logistics and Transport, world’s leading logistics certifying organization. China is reviving up efforts to solve bottlenecks haunting the country’s logistics industry, officials say. "We are expected to come up with a set of new rules and policies to clean up industrial monopolies, excessive administrative intervention and regional protectionism," said Ma