China cuts 88 bln yuan in logistics costs in 2017
Release time：2024-04-30 13:17:35 Source：Worldly Winds 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.
- Previous：Foreign diplomats impressed by traditional culture, high
- Next：Recently reinstated receiver Quintez Cephus signs a one
Related articles
- Williamson to lead New Zealand at the Twenty20 World Cup; Southee to make his 7th appearance
- Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
- A man accused in a Harvard bomb threat and extortion plot is sentenced to 3 years probation
- Sam Kerr's bid to get racially
- Zebras get loose near highway exit, gallop into Washington community before most are corralled
- Antiques Roadshow guest receives SHOCKING appraisal after learning the secret history of her grandma
- Outgoing Dutch prime minister visits Turkey's Erdogan in his bid for the NATO chief position
- Businesses hindered by Baltimore bridge collapse should receive damages, court filing argues
- Goldman Sachs upbeat on A shares
- Journalists sign manifesto in defense of Spanish PM and wife, criticize right
- Historic woods turned into 'desolate wasteland' by fly
- Jurgen Klopp says Arne Slot would take on the 'best job in the world' at Liverpool
- New York to require internet providers to charge low
- At least 15 people died in Texas after medics injected sedatives during encounters with police
- Autistic schoolgirl, 16, took her own life at £44,000
- Businesses hindered by Baltimore bridge collapse should receive damages, court filing argues
- Here are 14 players to watch next season across the Southeastern Conference
- US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
- Algeria hosts 23rd 'Chinese Bridge' language competition for university students
- Utah 'Karen', 48, is charged with sexual battery 'for yanking down 19 year
Random recommendation
- Copyright © 2024 Powered by China cuts 88 bln yuan in logistics costs in 2017 ,Worldly Winds news portal sitemap