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Premier urges cutting logistics costs, improve efficiency

BEIJING – At the State Council executive meeting on May 16, Premier Li Keqiang pledged to cut costs in the logistics industry and improve its efficiency.

He said the government has taken effective measures in recent years to cut logistics costs. Data show that in 2017, social logistics costs accounted for 14.6 percent of GDP, down by 3.4 percent from 2012, falling five years in a row.

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