Subscribe to RSS feedSinotrans margins pinched
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Obsidian
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last modified
Mar 31, 2005 12:00 AM
Admitting that there is “intense competition in the Chinese logistics market”, freight forwarder Sinotrans's president, Zhang Jianwei, said China's largest transport company's net margin was squeezed from 4.05% to 3.66%a in 2004.
Mr Zhang saidd that there had been some pressure on net margin and that his company was feeling the heat from the full liberalisation of the sector following January 2001's accession to the World Trade Organisation.
But Mr Zhang...
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