Point Roberts, WA - March 5, 2013 (Investorideas.com newswire) -
Investorideas.com, an investor research portal specializing in sector
research for independent investors Issues an alert for China Logistics
Group, Inc. ( OTCQB: CHLO), an international freight forwarder and logistics management company, following recent import and export data from China.
Shanghaidaily.com just reported:
"Commerce minister cautiously optimistic exports will improve
CHINA is cautiously optimistic about exports this year, Commerce Minister Chen Deming said today.
"If the external environment does not change drastically, China's
exports may fare better than last year," Chen said during the sidelines
of the annual session of the Chinese People's Political Consultative
Conference in Beijing.
China , the world's largest exporter, sold goods worth US$2.05
trillion in 2012 to overseas markets, up 7.9 percent from a year
earlier.
The recovery from last year's eurozone debt crisis seemed to be
accelerating as China's exports jumped 25 percent in January from the
year before, far exceeding expectations.
Lu Zhengwei, chief economist at Industrial Bank, said exports may
stabilize in February with overseas sales expanding 15 percent on an
annual basis."
China Logistics Group, Inc. ( OTCQB: CHLO)
recently reported that it has begun to explore plans to establish its
own warehouse facility for international and domestic storage and
logistics. The company believes this strategy would serve to compliment
its current international freight forwarding, logistics management, and
trucking services.
The Company also recently reported that it sees shipping volumes
doubling in 2013 for its South American route out of Shanghai launched
in 2012.
In the first 9 months of 2012 ending September 30 th, 2012, the
total freight volume arranged by China Logistics from its Shanghai
location to Europe, United States, Middle East and Southeast Asia was
approximately 3,000 TEU or, twenty foot equivalent units, generating
revenues of approximately $6,700,000 and gross profits of $1,200,000.
Management sees a growth of 20% to 30% for the company through these
four major international routes in 2013 which is expected to
significantly improve overall financial performance over the course of
this year.
Article source: http://www.shanghaidaily.com/article/?id=525150&type=Business
About China Logistics Group, Inc.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company doing
business in China through its subsidiary Shandong Jiajia International
Freight & Forwarding Co., Ltd. (Shandong Jiajia). Established in
1999; Shandong Jiajia is an international freight forwarder and
logistics manager located in China. Shandong Jiajia acts as an agent for
international freight and shipping companies. It sells cargo space and
arranges land, maritime, and air international transportation for
clients seeking primarily to export goods from China. For more
information please visit http://www.chinalogisticsinc.com.
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