BEIJING (CAIXIN GLOBAL) – A brand new logistics behemoth in China combining 5 state-owned corporations was launched Monday in a push by the central authorities to consolidate state belongings.
China Logistics Group, with registered capital of 30 billion yuan (S$6.43 billion), was created via a mixture of China Railway Supplies Group and 4 subsidiaries of China Chengtong Holdings Group – China Nationwide Supplies Storage and Transportation Group, CTS Worldwide Logistics Corp. Ltd., China Logistics Co. Ltd., and China Nationwide Packaging Corp.
Please subscribe or log in to proceed studying the complete article.
Get limitless entry to all tales at $0.99/month
- Newest headlines and unique tales
- In-depth analyses and award-winning multimedia content material
- Get entry to all with our no-contract promotional package deal at solely $0.99/month for the primary 3 months*
*Phrases and situations apply.