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:2024-05-09 08:28:35 source:Universal Unfoldings 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
  • Former corrections officer sentenced to 4 years for using excessive force
  • How a stem cell transplant could help to stop epilepsy seizures
  • Alabama Senate committee delays vote on ethics legislation
  • WNBA to begin full
  • The 10 worst cities to drive in the US are revealed
  • Woman, 31, was left 'burning from the inside out' in 17
  • What to know about the Penske scandal that has rocked IndyCar
  • Connecticut House passes plan to spend remaining COVID funds, forgoing changes to state budget
Recommended content
  • Disney receives key approval to expand Southern California theme parks
  • Star guard Kadary Richmond transfers to St. John's from Big East rival Seton Hall
  • Kenvue, Crocs rise; Disney, Teradata fall, Tuesday, 5/7/2024
  • Why going to the gym could help to stop your voice from ageing
  • Osaka plays solidly in her opening match at the Italian Open. Darderi eliminates Shapovalov
  • I was left with second