SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

BEIJING, Jul 6 (FAM) – China will reduce the cost of logistics and improve efficiency to spur the real economy, according to a guideline approved at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.

 

The cost burden of the logistics industry was equivalent to 14.9 percent of GDP in 2016, down by 1.1 percentage points from the previous year and was the fourth consecutive annual downtrend, according the National Development and Reform Commission.

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