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Foreign-invested companies dominate China's overseas third party logistics (3PL), and domestic companies and public authorities should be aware of this, China Customs has warned in a report.
For example, of the US$2.97 billion 3PL overseas business Shanghai did in the first two months of this year - a jump of 96.5 per cent - foreign-invested companies handled US$2.49 of it - nearly 90 per cent.
State-owned companies and domestic privately-owned companies only handled US$300 million cargo, an increase of 76.5 per cent, said the customs report.
Statistics show that there were 75 foreign-invested 3PLs engaged in import business in the free trade zones in Shanghai in the first two months of this year with average import value of US$30 million.
There were 18 logistics companies with import values surpassing US$10 million and 13 of them were foreign invested companies with total import value of US$1.97 billion, or 93.8 per cent.
Although there were 57 domestic logistics companies doing import business in free trade zones in Shanghai during those two months, its average import value only came to US$3.92 million, or 14 per cent of what foreign-invested companies made.
Among the 75 foreign-invested 3PL companies engaging in import business in Shanghai free trade zones, 64 were solely foreign-owned.
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