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 12:11:56 source:World Warp 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
  • Red Lobster seeks bankruptcy protection after closing some restaurants
  • Children are evacuated from school 'during an exam' after threat made via email
  • Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
  • Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
  • Lynn Williams breaks NWSL goal
  • Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
  • Sweden beats France, Britain relegated after losing to Norway at hockey worlds
  • Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Recommended content
  • The unstoppable duo of Emma Stone and Yorgos Lanthimos
  • I was 'brokefished' by my friend for £400
  • Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
  • 'The Apprentice,' about a young Donald Trump, premieres in Cannes
  • Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
  • Ship that caused Baltimore bridge collapse has been refloated