In a recent study conducted by the China Federation of Logistics and Purchasing, it has been found that approximately 70 percent of the logistics enterprises examined are experiencing a noteworthy improvement in the business environment within the nation.
This comprehensive survey delved into ten distinct facets concerning the business milieu of logistics companies, encompassing elements such as fiscal frameworks and financial conditions.
Among the logistics companies under scrutiny, over 60 percent of those affiliated with the state reported markedly enhanced business conditions compared to the previous year, 2022. Moreover, nearly 50 percent of the privately owned logistics enterprises that participated in the survey expressed the view that their business circumstances are on an upward trajectory.
While the analysis identified several notable challenges, including intense market competition, elevated operational expenditures, and insufficient market demand, it also underscored a prevailing sense of confidence among the surveyed entities regarding their ability to fulfill their annual objectives.