Chinese government lists 8 measures to boost logistics industry
June 30, 2011 Category Logistics, Logistics industry
The Chinese government is to take 8 measures to boost the logistics industry as reported by the Shanghai Daily:
1. Ease the tax burden on logistics firms by expanding a pilot program to exempt logistics companies from multiple collection of taxes and unify business tax rates on different steps of the supply chain;
2. Improve land use policies by guaranteeing land for logistics parks and allow expansion of
convenient warehouse siting;
3. Reduce highway tolls and extend an electronic toll system to allow trucks to pass through toll stations without stopping;
4. Improve management of logistics companies by simplifying approval procedures;
5. Encourage bigger logistics firms to integrate their resources and smaller companies to boost their market presence through mergers;
6. Boost technology innovation in the industry;
7. Urge local governments to increase investment in logistics infrastructure and help companies widen financing channels;
8. Encourage bigger logistics firms to focus on transport of agricultural products to help farmers get their produce to market as cheaply and efficiently as possible.
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