Logistics cost reduction for the real economy to increase efficiency

CCTV News (News Network): Statistics from the National Development and Reform Commission show that the ratio of total social logistics costs to GDP has been declining for five consecutive years, boosting the economic benefits.

In the past few days, a curtain factory in the southern suburbs of Zhengzhou, Henan Province, is rushing to produce a batch of new goods to Europe. Since the delivery method has changed from the past shipping to the Sino-European railway transportation, the product turnover period has been shortened by nearly two-thirds, and the overall operating costs have also decreased.

The increase in corporate efficiency is due to the rapid development of modern logistics. According to the China Federation of Logistics and Purchasing, the logistics industry's prosperity index has remained at a level of more than 50% from 2013 to the present. For the inland provinces in the central and western regions, the increase in logistics efficiency has reversed the regional disadvantage and has become a new economic growth point. Up to now, the number of CEIBS trains departing from Chengdu, Sichuan has exceeded 2,000, and the number of banks in the first four months of this year has increased by 40%. In Xi'an, Shaanxi, the added value of the logistics industry increased by 14.7% in 2017, which was higher than the overall economic growth rate and led to an improvement in the business environment.

Through the implementation of a series of measures such as tax reduction and tax reduction, the ratio of total social logistics costs to GDP in the first quarter of this year fell to 14.5%. In the latest World Bank's Logistics Performance Index, China's logistics service quality and capability rankings have increased by 8 places.