SHENZHEN's logistics added value totalled to CNY53.6 billion (US$8.78 billion) in the first half of the year, taking up 8.9 per cent of the city's GDP and ranking second nationwide after Shanghai, reports Xinhua.

There have been more than 14,800 logistics companies in Shenzhen as of now with over 300 supply chain management service providers.

The city's logistics added value reached CNY127.9 billion in 2012, representing an average annual increase of 17.46 per cent from CNY78.9 billion in 2009.

Shenzhen's total logistics cost, namely the cost of all logistics operation in the city, went up to CNY185.3 billion in 2012 from CNY123.8 billion in 2009.

Meanwhile, the proportion of its total logistics cost and GDP fell to 14.3 per cent from 15.1 per cent. Which both mark the quality of Shenzhen's logistics service is coming close to those in moderately developed countries.