Since 2023, a new wave of Chinese enterprises going abroad has gained momentum. According to data from the Ministry of Commerce, China's non-financial outbound direct investments in 2023 increased 16.7 percent year on year to 916.99 billion yuan. In US dollar terms, ODI totaled 130.13 billion dollars (approx. 928.52 billion yuan) in this period, up 11.4 percent from a year earlier. In this process of global industrial chain reshaping, China indeed faces many challenges, but it is precisely in this era of "great overseas expansion" that China has the potential to produce truly "world-class enterprises".
As of 2024, China's exports are projected to reach approximately $3.6 trillion, with major trading partners including the United States, European Union, and African nations. In 2023, trade between China and the U.S. accounted for about $700 billion, while its trade with the EU exceeded $800 billion. The economic recovery in these regions is leading to a rebound in demand for Chinese goods, particularly in technology, consumer electronics, and machinery. China's trade policies and global initiatives like the Belt and Road Initiative significantly influence international supply chains, manufacturing, and logistics. As the world's manufacturing hub, China's supply chain infrastructure is integral to the global economy, accounting for approximately 28% of global manufacturing output.
As a global supply chain logistics company, Yusen Logistics has also been providing customized logistics solutions and some business support to an increasing number of Chinese enterprises going abroad in recent years. In addition to providing the traditional air, ocean and land transportation services to our customers, Yusen Logistics also provides comprehensive business consultation and advice for domestic companies to build factories overseas. From the business support of supply chain logistics to the experience sharing of case studies.
Yusen Logistics operate more than 748 distribution centers/offices in 437 cities in 46 countries and regions and have nearly 3.7 million sqm of strategically positioned warehouse space. We can provide customers with a variety of hardware support including local free zone warehouses, container yards and fleet of trucks resources by using the global bases resources of Yusen Logistics. In addition, Yusen Logistics also have also begun to prepare for the strategic planning in Africa. We consolidated global headquarters functions last year, aim to make a business plan in the "Indian economic circle" including Africa. And we determine to setting up a local entity in Africa to grow our business in the region.
For more information about our global network resources, please come to our booth and communicate with our staffs.
