Guideline promises lighter load for logistics
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