Greater ChinaPorts and Logistics

Beijing launches China Logistics Group

China announced the creation of a new state-owned logistics group on Monday.

China Logistics Group aims to become a “global supply chain organizer” by developing international trade links and freight services, as well as cross-border e-commerce, state media reported.

The new company was formed through a merger of China Railway Materials, China National Materials Storage and Transportation Group, Huamao International Freight Limited Company Shenzhen Branch, China Logistics, and China National Packaging Corporation.

The newly-formed group will also include as strategic investors the parent firms of China Eastern Airlines, Cosco Shipping and China Merchants Group, who will respectively hold share percentages of 10%, 7.3%, and 4.9%.

China’s State-owned Assets Supervision and Administration Commission (SASAC) and state-run China Chengtong Holdings Group will evenly split the remaining shares.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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