These funds were primarily aimed at supporting major logistic projects in cities serving as national logistics hubs or backbone cold-chain logistics bases, the bank was cited as saying by a state-controlled news outlet.
The China Development Bank issued medium- and long-term loans worth over $5.63 billion for the logistics sector last year, it said.
These funds were primarily aimed at supporting major logistic projects in cities serving as national logistics hubs or backbone cold-chain logistics bases.
The country’s logistics industry reported steady expansion last year.
The country’s logistics industry reported steady expansion last year, with the average prosperity index increasing by 3.2 percentage points from 2022 to 51.8 per cent, data from the China Federation of Logistics and Purchasing showed.
Fibre2Fashion News Desk (DS)
