A relevant person in charge of the China Federation of Logistics and Purchasing introduced at the 2024 China Logistics Entrepreneurs Annual Meeting that in recent years, significant achievements have been made in the development of modern logistics in China, with a substantial increase in social logistics demand. It is expected that the total social logistics volume in 2024 will exceed 360 trillion yuan, strongly supporting the stable and rapid development of the national economy. At the same time, social logistics costs are steadily decreasing, and the ratio of total social logistics costs to GDP is expected to decrease to about 14.1% in 2024, a significant reduction of 7.2 percentage points compared to 21.3% in 2004. The level of logistics operations has improved significantly, helping to enhance the efficiency of economic operations. In addition, logistics enterprises are continuously developing and growing. So far, there are more than 0.01 million A-level logistics enterprises, and a number of world-class enterprises and excellent entrepreneur groups have emerged in shipping, aviation, Railroads, express delivery, supply chain, and other fields. Market entities have generally completed the transformation from providing traditional transportation and warehousing services to modern logistics and are accelerating the upgrade to supply chain services, by adjusting industrial organizational methods to fill the gaps in productive services, helping to enhance the core competitiveness of the industry. (CCTV News)