The Standing Committee of the State Council deploys to promote cost reduction and efficiency enhancement of logistics, and puts forward three specific measures.

The above measures, together with the corresponding reduction of railway freight rates after the adjustment of VAT rate, are expected to reduce logistics costs by more than 12 billion yuan in the whole year.

In recent years, China's social logistics cost level has entered a downward channel. In 2017, the ratio of total social logistics expenditure to GDP was 14.6%, achieving a "five-in-one decline" and further dropping to 14.5% in the first quarter of 2018, but still higher than the level of 8% to 9% in major developed countries and 11% to 13% in emerging economies.

This reflects that China's logistics "high cost, low efficiency" problem is still relatively prominent.

Experts said that the measures introduced not only reduce logistics costs and increase efficiency, but also promote the development of real economy and industrial restructuring.

Xie Yurong, Director of Transport Service and Logistics Research Department, Institute of Integrated Transport, National Development and Reform Commission, said that the logistics industry is an important support point of the real economy. It can improve the development of manufacturing industry from the perspective of supply chain optimization. At the same time, the logistics industry itself is a modern service industry and also a part of the adjustment of the national industrial structure. Important direction, it itself also has a strong economic support.