Ac­tion plan is­sued to lower lo­gis­tics costs

China Daily (USA) - - BUSINESS -

The cen­tral gov­ern­ment has asked for a con­certed ef­fort to lower lo­gis­tics costs in an ac­tion plan is­sued by the State Coun­cil. China wants to re­duce the ra­tio of lo­gis­tics costs to sales rev­enue from 8.9 per­cent in 2014 to about 8.5 per­cent for man­u­fac­tur­ers and from 7.7 per­cent to around 7.3 per­cent for whole­sale and re­tail sellers by 2018. The gov­ern­ment will stream­line re­views and ap­provals for lo­gis­tics com­pa­nies, cut­ting taxes and fees, ac­cord­ing to the plan.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.