China will improve its logistics network to reduce costs for wholesalers and retailers.
The government will reduce the ratio of the retail and wholesale sectors' overall logistics costs on total GDP to 7 percent by 2020, according to a plan released by the Ministry of Commerce and other ministries.
High logistics costs hold back enterprises' growth. The ratio of China's total logistics spending on total GDP stood at 14.5 percent in the first three quarters of 2016, much higher than the average 8-to-9 percent level in developed economies.
China will expand its commercial logistics network and improve efficiency through IT application.
The government will also establish several national and regional commercial logistics hubs and invest more in infrastructure development.
No Pingbacks for this post yet...
| China Job Links: |
China Recruitment Agency
China Payroll & Benefits Services
Payroll & Benefits local Chinese hire
Setup your operation fast and cheap
China Job Openings - LinkedIn
Join #1 LinkedIn China Career Group
Find more Chinese jobs and talent
Scan our qrcode