China in transition

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The first in a two-part series on UPS’s Longitudes blog sees the company’s senior vice president of global engineering and sustainability, Mark Wallace, tackle the thorny problem of China’s economic rebalancing. There’s little doubt that China’s transformation is having a huge impact on the global economy, and the freight and transport industries in particular, and is leading to some gloomy economic predictions. But Mr Wallace argues that China’s sheer size, combined with a number of challenges that will need resolving, offers massive opportunities. For instance, on e-commerce: “Can the logistics infrastructure, which has supported a cost-driven export economy, also support an in-country consumption economy? The answer from my vantage point is no. Not even close.”