In a bid to ensure fair competition, China’s top economic planner announced more support to private investors in the logistics sector.
According to a statement issued by the National Development and Reform Commission, a guideline was published to pledge substantial tax reduction, more favourable land-using policy and better financing environment for private logistic companies.”
To streamline the development in the sector, the newly adopted guideline also included a list of key logistic areas in which private investors are encouraged to invest in.
Sectors such as medicine and renewable resources delivery, supply chain management and cooperation with state-owned railway logistic companies, were highlighted as the key areas.
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