Cutting logistics cost will benefit society and economy

The central authorities issued a joint action plan on Wednesday to reduce the overall logistics costs for society. The plan proposes to reduce the ratio of social logistics costs to gross domestic product to around 13.5 percent by 2027.

The plan can be made effective by propelling reforms in key areas of railway transportation, such as establishing a pricing system for railway logistics services and reforming the organization for railway transportation and goods dispatch.

The plan also stresses the need to solve the strategic positioning issues that have plagued the sector for a long time.