Logistics Price Index
Initiative participants saw an impressive jump of 16.7 percent, reaching 2.93 trillion yuan ($460.3 billion).
The 14 other members of the Regional Comprehensive Economic Partnership accounted for 30.4 percent of China’s imports and exports, with the volume expanding 6.9 percent year on year to 2.86 trillion yuan ($449.3 billion).
China’s road logistics price index remained basically flat in March from a year ago, industry data showed.
It came in at 100.3, up 2.03 percent on a monthly basis, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and Guangdong Lin’an Logistics Group.
The sub-index for full truckload logistics price mainly measuring bulk commodity and regional transportation stood at 100.8, rising 1.98 percent from February and edging up 0.03 percent year on year.
Demand for road transportation saw a decline, driven by multiple factors including the sporadic resurgence of COVID-19 and geopolitical conflicts, according to the survey.
The index is based on the average price in the last week of December 2012, with the monthly index starting point at 100. development center and manufacturing hub in sectors such as electronic products, hi-tech equipment, auto parts, pharmaceuticals and biotechnology.
The opening of this new route can better meet the strong aviation logistics market demand in Shenzhen and its surrounding areas, and further promote the economic and trade exchanges between south China and Europe, the airport said. also be strengthened in the fields of e-commerce, competition policy, government procurement, the environment and trade.
The upgraded agreement has improved the quality and efficiency of bilateral trade relations on the basis of the China-New Zealand FTA and the Regional Comprehensive Economic Partnership, the Chinese Ministry of Commerce said.
It is expected to help deepen pragmatic cooperation in multiple fields between the two sides, release the dividends of high-level opening up, promote bilateral trade and investment liberalization and facilitation, and constantly enrich the comprehensive strategic partnership between the two countries.
China signed an FTA with
New Zealand in April 2008, which came into force in October the same year. They concluded the three-year negotiations on the upgrade in November 2019 and signed a protocol in January 2021.