Opinion / Hot Words

互联网+流通 (hùliánwǎng+liútōng):Internet + Circulation

(China Daily) Updated: 2016-04-11 09:05

At an executive meeting of the State Council, China's cabinet, on Wednesday, Premier Li Keqiang promoted the internet as a way to lower logistics and distribution costs to foster new engines for growth.

As a pillar industry of China's real economy, the logistics industry has much room to improve. At present, logistics costs account for a high proportion of the overall operating costs for Chinese enterprises, and these costs are passed on to consumers.

An "Internet + Circulation" strategy will be promoted to break the "hard" bottleneck of information infrastructure and break the "soft" restriction of the business environment.

Pledged efforts include fostering a smart logistics system, increased investments in broadband in rural areas, building a cloud platform for commercial services and integrating online-offline development to effectively promote the development of new economic drivers.

Rapid development of the Internet + Circulation strategy offers great opportunities for the distribution of e-commerce commodities in particular. According to statistics from the Ministry of Commerce, China's e-commerce turnover jumped by 27 percent year-on-year to 20.8 trillion yuan ($3.25 trillion) in 2015.

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