Road map charted to drive down logistics costs

Initiative aims to foster unified national market, bolster efficiency of operations

China has charted a clear road map to drive down logistics costs, a move that officials and analysts said is not just about enhancing the competitiveness of industries, but also about strengthening the foundation of the real economy as a whole.

The initiative will help foster a truly unified national market and bolster economic operations, and China will be better positioned to play a key role in global supply chains, they added.

According to the plan, which was issued on Wednesday by the general offices of the Communist Party of China Central Committee and the State Council, the world's second-largest economy is scheduled to bring down the logistics cost-to-GDP ratio to around 13.5 percent by 2027.