China’s Logistics Costs Significantly Lower than Those of the United States
By:Zilin Cheng
Zilin Cheng Overview· The prevailing notion that China's logistics costs far exceed those of the United States may be based on a misconception. The commonly used indicator—the ratio of total social logistics costs to gross domestic product (GDP)—could be an inadequate measure for assessing logistics expenses.· A stronger correlation exists between total goods supply and total social logisti...