He said domestic companies enjoyed certain advantages in competition with multinational giants.
For example, some small and medium sized companies, which focus in a particular region, are likely to have steady customer relationships and high flexibility.
"Facing the competition from overseas rivals, they are forced to learn, to improve the efficiency and become adapted to globalization," Xu said.
He said domestic companies could survive the challenges from foreign companies as long as they can further sharpen their competitive edge, given the promising market in China.
As a strong manufacturing centre in the world, China also demands a profound logistics network. The output of the Chinese logistics market is expected to reach 1,197 billion yuan (US$147.8 billion) in 2010.
"We hope that in five to 10 years, several Chinese logistics companies will develop into large-scale multinationals," Xu said.
In fact, some Chinese logistics companies have started to go abroad. Upon the need of their customers, some companies have established overseas branches and representative offices.
Ministry of Commerce of the People's Republic of China
marketing@alchempro.com
