COSCO sees profit in China's need to boost efficiency

Newswire

By Wendy Lim QINGDAO, China, Sept 30 (Reuters) - COSCO Pacific Ltd, a port operator and the world's fifth-largest container leasing firm, sees a business opportunity in China's need to improve industrial efficiency as it takes a bigger role in the global supply chain. Spending on managing the storage and flow of goods and services from origin to consumption, known as logistics, accounts for about 20 percent of China's gross domestic product, compared with nearly 11 percent in the United ...

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