'When the oil price grows by 100%, the logistic industry will see a price growth of 40%,while the logistics industry a price rise of 35%,which means every price increase of 5%in the oil price will bring along that of 2%in this industry.' said Liu Zongsheng,General Manager of Itochu Logistics Co.,Ltd., on the seminar 'Focusing on the economic consequences of raising oil price, interest rate and deposit reserve ratio', which was held recently. What he said is on the mind of all others in this industry.With the oil price rising continually,the originally severely competitive industry is suffering from the costs growth.
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