China looks to reduce logistics costs

A recent guideline from State Council of the People's Republic of China indicated that support will be provided in the form of urban planning and land use, various logistics centres at national levels will be developed, logistics infrastructure will be reinforced, and rail freight service will be improved and integrated with other transportation modes. China also plans to establish an integrated nationwide cargo-clearance system this year in an effort to reduce cargo clearance times by one-third.

Statistics from China's National Department and Reform Commission (NDRC) show that combined logistics expenditures in 2016 totalled CNY11.1 trillion (US $1.6 trillion), up 2.9 per cent from 2015. The figure accounted for 14.9 per cent of China's GDP in 2016, down 1.1 percentage points from 2015 levels and the fourth consecutive annual decrease. Premier Li said: "China's logistics costs are still on the higher end in the world."

(Transport Weekly)