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 13:48:51 source:Earthly Edition 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
  • Biden says Brown v. Board of Education ruling was about more than education
  • Donna Kelce flies into Cincinnati for Travis and Jason's live New Heights showt
  • Erik ten Hag admits he is relieved Harry Maguire stayed at Man United amid injury crisis
  • Atletico Madrid star reveals the footballers'
  • Ricky Stenhouse punching Kyle Busch could lead to suspension
  • 'The wheels have come off!': Steve McManaman delivers scathing assessment of Liverpool's dismal 3
  • What time does Coachella 2024 start? What to know about the music festival.
  • Ellie Leach breaks down in tears over her cheating ex
Recommended content
  • Iran helicopter crash that killed President Raisi could reverberate across the Middle East
  • How DO you deal with a problem like Gary Lineker?
  • The 10 worst movie sequels of all time REVEALED
  • Controversial Antonio Brown pays tribute to 'legend' OJ Simpson after his death from cancer aged 76
  • Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
  • Government needs to 'step up' and support rainbow community amid protest