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DHL China to continue investment

By Lu Haoting and Wang Ying | China Daily | Updated: 2009-07-01 08:06

Deutsche Post DHL CEO Frank Appel started his whirlwind visit in Beijing at 7:30 am on Monday shortly after flying 10 hours from Germany. After a long day of meetings with government officials, partners and employees, the 48-year-old looked his interviewer in the eye and said: "We are still committed to Asia, particularly China."

Unlike any of his previous visits to China in the heydays of booming business, this visit was made amid a global economic downturn that has seriously pounded the logistics industry. The economic crisis has had a direct impact on the business of the world's largest logistics company, resulting in a 13 percent drop in revenue and a 42 percent reduction in underlying EBIT (earnings before interest and taxes) in the year's first quarter.

But Appel said the company would continue to invest in China.

DHL China to continue investment

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