(MENAFN Press) March 5, 2013 Point Roberts WA“
(www.investorideas.com newswire,) Investorideas.com staff: 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 US2.05 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 30th, 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
