BEIJING - China will start building about 15 logistics hubs this year in its bid to build a nationwide logistics hub network.
The national logistics hubs will be built on existent logistics hubs, which have a sound infrastructure, strong market demand and huge growth potential, according to a plan released by the National Development and Reform Commission and the Ministry of Transport.
READ MORE: Logistics hub lifts trade and economy
The two ministries will determine the locations of the first national logistics hubs based on the demand of the development under national strategies like the Yangtze River economic belt and local government plans.
China aims to build about 30 national logistics hubs by 2020, and 150 by 2025, when the ratio of total logistics expenses to GDP will be reduced to about 12 percent.
ALSO READ: Xinjiang becomes logistics hub of Belt and Road
The country's logistics volume totaled 283.1 trillion yuan (US$42.14 trillion) in 2018, up 6.4 percent year on year. The ratio of total logistics expenses to GDP stood at 14.8 percent.
Copyright 1995 - 2024. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
CHINA DAILY HONG KONG NEWS |
OPEN |