Beijing government has announced the city's logistics industry development scheme which has set a target of CNY7 trillion (US$1.03 trillion) by 2011 for the total value of cargoes using logistics service, Logistics Week reported.

Beijing is also aiming at an average annual growth rate of 12% in the logistics industry added value. It plans to reach CNY60 billion in its logistic industry value by 2011.

The city government is to speed up the development of five major logistics facilities respectively at the ShunyiAirport, Tongzhou Majuqiao, Fangshan Liangxiang, Pinggu Mafang and Daxing Jingnan. Beijing aims to achieve an annual growth of over 30% in the sales revenue of these five logistics bases, which will reach an amount of CNY50 billion by 2011 according to the plan.

In the meantime, Beijing also plans to invite 8 to 10 world-reputed logistics companies and 15 to 20 leading domestic logistics providers to set headquarters or branches in the city.

The city will also foster the growth of large local third party logistics providers, especially the top three to five seeds with an annual revenue of over CNY10 billion, as well as five to ten such companies with annual revenue of more than CNY500 million.

The city also plans to strengthen the ties between logistics and industry and commerce, to encourage manufacturers to forge cooperative ties with logistics providers.

Reference: SIMIC.net.cn