China issues guidelines to boost logistics industry

Updated: 2011-08-19 21:39

(Xinhua)

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BEIJING - The State Council, or China's Cabinet, on Friday issued new guidelines to promote the healthy development of the country's logistics industry.

China will reduce tax burdens on logistics enterprises, give further favorable land policies for them, and promote convenient transport of logistics vehicles, according to a statement posted on the central government's website.

The country also vowed to accelerate reform in the logistics management system, reallocate logistics resources, push forward the innovation and application of logistics technologies and invest more in the sector.

Farm produce logistics will be given priority, and government departments will improve coordination to accelerate the development of the country's logistics sector, the statement said.

In recent years, China's logistics industry has been experiencing consistent growth on the back of fast economic progress and a manufacturing-centered economy.

The industry's value-added reported a net increase of 700 billion yuan ($109.38 billion) last year from 2008, said He Liming, chairman of China Federation of Logistics and Purchasing.