1. Development of China’s Logistics Market

2015 marked the last year of the 12th Five-Year Plan for Economic and Social Development in China. In this year, China’s logistics industry was confronted with complex domestic and international environment. As far as international environment is concerned, the world economic growth was sluggish, the price of commodities dropped considerably, and the global trade was in a slump. Domestically, China’s economy entered a stage of New Normal, in which the economic growth rate continued to slow down. To actively adapt to and respond to the New Normal, China’s Government, on the one hand, strived to adjust its economic structure, implement the innovation-driven strategy, so as to foster new driving forces for development; on the other hand, it continued to push forward the Belt and Road Initiative, the Going Abroad, the Pilot Free Trade Zone and other national strategies so as to expand the space of external development for the country.