BEIJING, Dec. 8 (Xinhua) -- The output value of China's logistics industry is expected to grow 20 percent annually to reach 1.2 trillion yuan in 2010, said the organizer of the Asian International Transport and Logistics Exhibition here Saturday.

    In 2006, added value of China's logistics industry rose 12.1 percent over the previous year, accounting for 17.1 percent of the total added value in service sectors, up from 16.5 percent in 2005.

    To date, more than 20 provinces and 60 cities have initiated logistics development plans.

    The exhibition, co-organized by the British-based Reed Exhibitions and the China Council for the Promotion of International Trade (CCPIT), will be held in Shanghai from Dec. 10 to 12.

    It has attracted 6,000 delegates from more than ten countries, including Russia, France, Belgium and Spain. (One U.S. dollar is equal to 7.41 yuan)