Development of Regional Logistics in the Belt and Road

By 2016, China has made evident progress in substantiating the policy communication, facility connectivity, financial integration, unimpeded trade and people-to-people bond (or the “Five-Pronged Approach”) with the nations along the “Belt and Road.” Logistics industry, as the fundamental and strategic industry that supports regional economic growth, constitutes the integral part of China’s Belt and Road (the B&R) Initiative. At present, China has basically established the B&R logistics system. As economic and trade activities become more active along the B&R, the logistics market is rapidly taking shape.