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CHINA PRESS: China To Reduce Logistics Costs

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Authorities plan to reduce the ratio of total social logistics costs to GDP from 14.4% in 2023 to about 13.5% in 2027, according to Zhang Shixin, deputy secretary-general at the National Development and Reform Commission. Speaking at a press conference, Zhang said the government would deepen integration between logistics innovation and manufacturing, commerce and trade, and unblock domestic and international logistics networks. Wu Junyang, head of the Economic and Trade Department at the NDRC, said officials will support firms to enhance international logistics cooperation and co-build overseas storage facilities.

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Authorities plan to reduce the ratio of total social logistics costs to GDP from 14.4% in 2023 to about 13.5% in 2027, according to Zhang Shixin, deputy secretary-general at the National Development and Reform Commission. Speaking at a press conference, Zhang said the government would deepen integration between logistics innovation and manufacturing, commerce and trade, and unblock domestic and international logistics networks. Wu Junyang, head of the Economic and Trade Department at the NDRC, said officials will support firms to enhance international logistics cooperation and co-build overseas storage facilities.