Guide­line prom­ises lighter load for lo­gis­tics

China Daily (Hong Kong) - - FRONT PAGE - By XU WEI xuwei@chi­nadaily.com.cn

China will re­duce the cost of lo­gis­tics and im­prove ef­fi­ciency to spur the real econ­omy, ac­cord­ing to a guide­line ap­proved at a State Coun­cil ex­ec­u­tive meet­ing chaired by Premier Li Ke­qiang on Wed­nes­day.

One fo­cus of the guide­line is im­prov­ing the use of roads through bet­ter traf­fic ad­min­is­tra­tion and law en­force­ment, en­abling smoother ser­vices with less red tape. Tax pol­icy is to be over­hauled and toll charges are to be set at rea­son­able lev­els to re­duce cost bur­dens.

“The lo­gis­tics sec­tor is a ground­work of strate­gic im­por­tance for the mar­ket econ­omy,” Li said. “Lower lo­gis­tics costs and higher ef­fi­ciency should be highly pri­or­i­tized this year.”

tics 14.9 down The in­dus­try per­centby cost 1.1 bur­den per­cent­age­wa­sof GDP equiv­a­lentof thein points lo­gis-2016, to fromthe down­trend,fourththe pre­vi­ous con­sec­u­tive ac­cord­ingyear and an­nual wasthe Na­tion­alRe­form How­ever, Com­mis­sion. Devel­op­ment­the ra­tio is higher and thanand in even de­vel­ope­d­some economies, de­vel­op­ing ones.2016 China Lo­gis­tics ranks Per­for­mance27 th in the In­dex,the Worlda bench­markBank cov­er­ing cre­ated 160 by coun­tries “China’s and lo­gis­tics re­gions. costs are still world. on We the higher should end prompt­lyin the re­spond to the shared con­cern of busi­nesses with well-de­signed mea­sures to help the sec­tor travel light and per­form bet­ter. That will be of great help to the real econ­omy,” Li said.

Un­der the guide­line, sup­port will be pro­vided in the form of ur­ban num­berthe oped.will freight im­proved na­tion­albe plan­ning Lo­gis­tic­sof re­in­forced,ser­vice­and lo­gis­tic­slevel in­te­gratedand in­fras­truc­turewill land cen­ter­swill andbe de­vel-use. with railbe at A other More means mean­sof trans­porta­tion.of fi­nanc­ing will com­pa­niesin­te­grat­ed­clear­ance­cut one-thirdyear, ap­pli­ca­tion­tech­nol­o­gy­dards, hina car­goalso the in­clud­ingbe aims sys­tem guide­lineby clear­an­cein na­tion­wide­and madeof the theto lo­gis­tics ve­hi­cle­sand lo­gis­tics es­tab­lish in­for­ma­tio­nend avail­able­said. times plan­sof cargo-stan-and Thethis sec-an by to to loads, will play a ma­jor part.

We should ... help the sec­tor travel light and per­form bet­ter. That will be of great help to the real econ­omy.” Premier Li Ke­qiang

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