The reporter learned from the China Federation of Logistics and Purchasing that China's economy has maintained an overall recovery in 2021, with an average Purchasing Managers' Index (PMI) for the manufacturing industry of 50.5%, higher than the annual average of 2019 and 2020. The total amount of social logistics for the whole year is expected to remain above 300 trillion yuan. The scale of the logistics market is steadily expanding, and the total revenue of the logistics industry is expected to exceed 11 trillion yuan, with market revenue expected to maintain a growth rate of over 15%. Preliminary estimates show that the ratio of total social logistics costs to GDP for the whole year of 2021 will remain at around 14.7%, and the industry's business environment will continue to improve, with logistics operations achieving steady progress.
He Liming, President of the China Federation of Logistics and Purchasing, recently introduced at the 19th China Logistics Entrepreneurs Annual Conference that in 2021, with the approval of the State Council, China Logistics Group was officially established, marking the beginning of the restructuring and integration of the national logistics team of state-owned enterprises. Frequent mergers and reorganizations of industry enterprises have revitalized existing social resources and woven a logistics service network that connects internal and external markets. The digital economy is surging, and new generation technology equipment such as delivery robots, digital warehouses, and digital supply chains are accelerating their commercial application.
He Liming said that the "14th Five Year Plan" for the development of modern logistics is about to be released, and China's logistics industry is entering a new strategic opportunity period. With the continuous recovery of logistics demand for investment, consumption, and foreign trade, China will accelerate the construction of a modern logistics system, form an interconnected, safe, and efficient logistics network, achieve steady improvement in the quality and reasonable growth of modern logistics, cultivate and strengthen modern logistics enterprises with international competitiveness, and consolidate the logistics foundation conditions for high-quality development.