Improving the Logistics Industry's Efficiency

People's Daily August 29

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Improving the Logistics Industry's Efficiency

People's Daily August 29

Logistics is a basic and strategic industry and an indispensable component of the economy. Improving logistics can accelerate the circulation of commodities， reduce storage and transportation costs， accelerate capital turnover， and thereby improve business efficiency.

China’s logistics market， the world’s largest， accounted for 18.6 percent of the international business volume in 2013， exceeding the United States’ 15.8-percent share. Although China’s market is huge， the industry’s efficiency is less than satisfactory. Logistics expenses in China reached 10.6 trillion yuan （$1.6 trillion） in 2014， making up 16.6 percent of national GDP that year. Logistics expenses in the United States， meanwhile， accounted for just 10 percent of the country’s GDP in the same year.

To improve efficiency in the industry， greater importance should be attached to the construction of warehouses and logistics distribution centers， which should be situated near transportation and commercial hubs in order to organize the transportation of raw materials and products more efficiently.

Moreover， logistics companies should receive more support. For instance， the government could build logistics centers and lease them to enterprises， or it could support their construction by providing low-interest or zero-interest loans. It could also reduce or remove some taxes imposed on logistics companies.

↓AIRCRAFT ENGINE PIONEER

Cao Jianguo， Chairman of the newly established Aero Engine Corp. of China， has vowed to develop aircraft engines with a coordinated and open approach. The company， which had been in the making over the previous months， was officially launched on August 28.

As a state-owned enterprise under the administration of the Central Government， the company has a registered capital of 50 billion yuan （$7.5 billion）and 96，000 employees. Aircraft engines are some of the most complicated electromechanical engineering systems， which only a handful of countries are capable of manufacturing.

Cao， 53， holds a bachelor’s degree in automatic control from Beihang University and a master’s degree in aircraft navigation control systems from the Third Academy of China Aerospace Science and Industry Corp. （CASIC）. He worked with CASIC for more than two decades and became its president in 2013. He was appointed chairman of Aero Engine Corp. of China in March this year.

“Terrorism is the common enemy for the international community， posing the gravest threat to countries in the region.”

“The main problem lies in the lack of specialists in disability rehabilitation.”

Foreign Ministry spokeswoman Hua Chunying，condemning the terrorist attack on the Chinese Embassy in Kyrgyzstan on August 30 at a news briefing in Beijing

Zhang Haidi， Chairwoman of the China Disabled Persons' Federation， pledging to improve services to people with disabilities by establishing a dedicated university to train specialists at a press conference on August 31