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News / Beijing hopes to secure its supply chains with creation of state-owned logistics group

Photo 97141551 © Ryan Fletcher Dreamstime.com
© Ryan Fletcher Dreamstime.com
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State-owned China Logistics Group was launched yesterday by merging China Railway Material Group and four units of China Chengtong Holdings Group.

They are China Material Storage and Transport Co, CTS International Logistics Corp, China Logistics Co and China Packaging Corp.

And China Eastern Airlines, Cosco Shipping and China Merchants Group are onboard as strategic investors in the new China Logistics Group, holding stakes of 10%, 7.3% and 4.9%, respectively.

The state-owned Assets Supervision and Administration Commission (SASAC) and China Chengtong, a state-owned conglomerate, hold ...

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    China Chengtong Holdings Group China Eastern Airlines China Logistics Company China Logistics Group China Material Storage and Transport Company China Merchants Group China Packaging Corporation China Railway Material Group Cosco Shipping CTS International Logistics Corporation State-owned Assets Supervision and Administration Commission (SASAC)

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