On May 6, 2023, the Guangzhou Baiyun International Logistics Industry Summit was held at Baiyun District, a prominent logistics hub in the southern Chinese metropolis of Guangzhou. Nearly 1,000 guests from government agencies, industry experts, domestic and foreign famous enterprises, business associations, domestic and foreign famous media, and upstream and downstream enterprises of the industry chain attended the event. Building a stable and sustainable logistics supply chain in the current turbulent global economic environment is more important than ever. Based on this, logistics industry clusters are widely considered an effective solution for supply chain management.
"In 2022, the revenue of air transport and modern logistics industry in Baiyun District hit 121.7 billion yuan (approximately $17.36 billion). Baiyun District is implementing the '1+5+N+X' plan to support the transformation into a world-class logistics cluster," said Wang Xiaojie, deputy governor of Baiyun District Government of Guangzhou, describing the strategic vision of Baiyun District at the opening ceremony.
The Guangzhou Baiyun Railway Station, which is expected to open this year, is one of the key transportation projects in the Guangdong-Hong Kong-Macao Greater Bay Area. Guangzhou International Port has become an important China-Europe freight hub, facilitating logistics between China's Greater Bay Area, Central Asia, Eurasian countries and Europe as a whole.
Under the third phase of expansion, Guangzhou Baiyun International Airport is expected to increase its total cargo terminal area to more than 1 million square meters by 2025, with a terminal cargo handling capacity of 6 million tons.
China has by far the largest logistics industry in the world and leads the world in the volume of goods transported. The sector’s total revenue reached 12 trillion yuan ($1.74 trillion) in 2021, according to the National Development and Reform Commission.
In 2022, Guangdong Province's GDP was estimated at 12.8 trillion yuan ($1.9 trillion), said Wang Weizhong, the province's governor, at the annual session of the Guangdong Provincial People's Congress in January this year. As the provincial capital, Guangzhou has built an international shipping center, logistics center, trade center, and modern financial service system in recent years.
According to Guangzhou's 14th Five-Year Plan (2021-2025), the metropolis would establish five super-large logistics hubs and ten large logistics hubs to further consolidate its ranking as one of the world's leading international logistics centers.
Liu Zhiyuan, president of the Guangzhou Baiyun District Logistics Chamber of Commerce, who has witnessed the dramatic changes in the logistics industry over the past 20 years, said that Baiyun District has an advanced interconnected transportation infrastructure system for the logistics industry, and because it is one of the major hubs for e-commerce, the addition of these two advantages gives Baiyun District a huge advantage that can be developed into a world-class logistics cluster.
"It would be very difficult for e-commerce to rise without a well-developed logistics infrastructure as a foundation," Liu said. He explained that the fast development of the logistics sector in just a few years has made on-time delivery of e-commerce across China possible. Back in 2010, the delivery cost of products sold online was high, and delivery time was uncertain, taking anywhere between five to ten days.
After a day of conference agenda, the guests believe that to enhance the international competitiveness of local enterprises, firstly, it is necessary to strengthen policy support to provide more support and help for enterprise development; secondly, it is necessary to build more communication platforms to promote cooperation and communication between enterprises; finally, it is necessary to strengthen talent training to improve the core competitiveness of enterprises.
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