China sets goal to lower logistics costs

China aims to lower the ratio of logistics costs to GDP from 14.4% in 2023 to about 13.5% in 2027, according to a newly released action plan. This will help reduce the costs for the real economy and enhance manufacturing competitiveness, said Zhang Shixin, deputy secretary-general of the National Development and Reform Commission, on Thursday.

November 29, 2024

Logistics optimization to underpin economic growth in China

​There is significant room to improve logistics efficiency in China, and the country has rolled out a plan to cut the ratio of social logistics costs to GDP to approximately 13.5 percent by 2027, down from 14.4 percent in 2023 and 18 percent in 2012.

November 29, 2024

Road map charted to drive down logistics costs

China has charted a clear road map to drive down logistics costs, a move that officials and analysts said is not just about enhancing the competitiveness of industries, but also about strengthening the foundation of the real economy as a whole.

November 29, 2024

China moves to further reduce social logistics costs

China aims to cut the ratio of social logistics costs to GDP to around 13.5 percent by 2027 as the country moves to improve economic efficiency, according to an action plan unveiled Wednesday.

November 28, 2024