A 1% reduction in the ratio of logistics costs to sales could save more than $135bn © 123RF
A 1% reduction in the ratio of logistics costs to sales could save more than $135bn © 123RF

China aims to cut logistics costs to save billions

12 October 2016

China’s government has unveiled plans to reduce the ratio of logistics costs to sales revenue.

The country’s central government has called for a concerted effort to lower logistical costs as part of a plan issued by the State Council.

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