China expects to cut transport logistics costs by 12 bln yuan this year: media

BEIJING (Reuters) - China expects to reduce transport logistic costs by more than 12 billion yuan ($1.88 billion) this year through measures including reduced taxes and road tolls, state media reported on Wednesday, citing the State Council, or cabinet.

The measures will include working towards cancelling tolls on provincial-level highways and streamlining inspections for freight trucks.

China will also streamline procedures for setting up foreign companies in order to promote trade and investment, according to a statement released after the meeting, which was presided over by Premier Li Keqiang.

(Reporting by Elias Glenn and Cheng Fang)

Related News

Trump breaks ice with China's Xi in letter...

Feb 9, 2017

US-USA-TRUMP-CHINA:Trump breaks ice with China's Xi in letter seeking 'constructive' ties

New Zealand central bank shifts focus to external...

Feb 9, 2017

US-NEWZEALAND-CENBANK-ASSISTANTGOV:New Zealand central bank shifts focus to external risks:...

Philippine minister says mine closures in...

Feb 9, 2017

US-PHILIPPINES-MINING:Philippine minister says mine closures in watershed areas non-negotiable

Australian banks face renewed push for intrusive...

Feb 9, 2017

US-AUSTRALIA-BANKS-INQUIRY:Australian banks face renewed push for intrusive inquiry

Pope says 'at peace' confronting Vatican...

Feb 9, 2017

US-POPE-CORRUPTION:Pope says 'at peace' confronting Vatican corruption, sex abuse

Macquarie, ING join Apple Pay in Australia in...

Feb 10, 2017

US-APPLE-AUSTRALIA-BANKS:Macquarie, ING join Apple Pay in Australia in challenge to Big Four

Search
Financial Markets

Sign up now!