Shenzhen invests in logistics
1 August 2002
Shenzhen is to invest Yn31.6bn over the next three years to develop its logistics industry, identified by the government as a pillar sector of the future. A priority is to build a mail processing centre and six logistics industrial parks. Three of these would be international in scope, while the others would serve as regional centres. Part of the money will come from government, private enterprises and foreign investors. The rest will come from bank loans or the issue of stocks and bonds, said Shenzhen Commercial Daily.
