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Aug 28, 08:11 AM
China's Transport Sector Freight Hits 4.97 Billion Tons, $272.62 Billion Investment; JD Tops Private Enterprises with $28.22 Trillion Logistics Value
China
Economics
Business
World

China's Transport Sector Freight Hits 4.97 Billion Tons, $272.62 Billion Investment; JD Tops Private Enterprises with $28.22 Trillion Logistics Value

Authors
  • China Xinhua News
  • People's Daily, China
  • China Daily
6

China's transport sector experienced steady growth in July 2025, with freight volumes reaching 4.97 billion tons, a 3.4% increase year-on-year, and cross-regional passenger trips rising 2.2% to 5.71 billion, according to the Ministry of Transport. Fixed-asset investment in the transport sector totaled 1.95 trillion yuan (approximately $272.62 billion) in the first seven months of 2025, including 77.1 billion yuan in railways and 98.1 billion yuan in expressways for July alone. The country's gross social logistics value increased 5.2% year-on-year to 201.9 trillion yuan ($28.22 trillion) in the first seven months, driven by demand in high-end manufacturing and green industries. Over the past five years, social logistics value surged by 80 trillion yuan ($11.18 trillion), with projections for 2025 reaching 380 trillion yuan, maintaining China's global lead for the tenth consecutive year. Meanwhile, the private sector showed robust growth, with the All-China Federation of Industry and Commerce releasing the 2025 Top 500 Private Enterprises list. E-commerce giant JD claimed the top spot by revenue, followed by Alibaba and Hengli Group. The combined revenue of these top private enterprises reached $6 trillion, with profits totaling 1.8 trillion yuan ($252 billion) and R&D investment exceeding 1.13 trillion yuan ($158 billion) in 2024. In Shandong province, Linyi's GDP reached 655.58 billion yuan in 2024, supported by 1.53 million private enterprises, highlighting regional economic growth and innovation as key drivers amid global economic uncertainties.

Written with ChatGPT (GPT-4).

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