Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China cuts 88 bln yuan in logistics costs in 2017 !

China cuts 88 bln yuan in logistics costs in 2017

Time:2024-05-21 15:55:48 source:International Issue news portal

  China reduced logistics costs by more than 88 billion yuan (13.4 billion U.S. dollars) in 2017, the Ministry of Transport said Monday.

  The cuts were made through measures such as the removal of some road tolls in provincial-level regions and streamlined traffic services, according to the ministry.

  Li Xiaopeng, minister of transport, said that China will continue to push supply-side structural reform in the transport industry and further lower logistics costs in 2018.

  The country will expand pilot programs in highway toll collection and streamline some charges in ports, Li said.

  Statistics from the National Development and Reform Commission showed that the cost of logistics in China took up about 14.9 percent of GDP in 2016, down by 1.1 percentage points from the previous year.

  Although the ratio had dropped for four years in a row by 2016, it is still higher than some developing economies.

  Authorities have stepped up reform in the transport sector this year to reduce the logistics burden of companies. Rail freight charges were canceled or lowered, while more means of financing were made available to companies in the logistics sector.

Related information
  • Ohio judge to rule Monday on whether the state’s abortion ban stands
  • Dough Figurines Cream of Traditional Chinese Culture
  • Tibetan Students Receive Care, Education in Wuhan
  • La Liga reduces Barcelona's spending cap to €204m
  • Why US Catholics are planning pilgrimages in communities across the nation
  • Artist Inherits, Promotes Kunqu Opera
  • Centenarian Doctor Committed to Defeating Leprosy
  • Dough Figurines Cream of Traditional Chinese Culture
Recommended content
  • Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
  • Australian Teaching Special Needs Kids in China
  • Promoting Thriftiness, Ending Food Waste
  • Israeli military renews warnings to Palestinians not to return to war
  • Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
  • Lahuahua Groups Interpret Volunteerism with Actions