The Chinese authorities will take measures to cut logistics costs and promote construction of smart logistics this year, the Economic Information Daily reported on Monday.
China's National Development and Reform Commission (NDRC), Ministry of Finance and Ministry of Commerce (MOC) are working together to sort out unreasonable charges on the circulation enterprises to reduce their burden and strengthen their profitability.
In addition, the MOC is deeply promoting reform on the circulation industry and has put the work of enhancing IT-application, standard and intensive circulation at the top of its agenda in 2016. The MOC will promote logistics standardization in the next step. Now, it is considering expanding scope of the pilot areas and varieties of the logistics standardization. For example, goods shelf, conveyor belt and transport vehicle have to be standardized, said Zheng Wen, director of Department of Circulation Industry Development under the MOC.
Meanwhile, the authorities will guide traditional circulation enterprises to accelerate transformation for IT application to enhance the logistics efficiency and launch construction of the smart logistics distribution system.
On China's A-share market, companies including Guangdong Europol Steel Logistics (002711.SZ), Shanghai Airport (600009.SH), Anhui Wantong Technology (002331.SZ) and Xinning Logistics (300013.SZ) are engaged in circulation business or technical R&D.
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