Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, February 7 (Xinhua) — The ratio of total social logistics expenditure to gross domestic product (GDP) in China fell to 13.9 percent, falling below 14 percent for the first time, the National Development and Reform Commission (NDRC) reported on Saturday.
According to the agency, this indicator is 0.8 percentage points lower than the level at the end of the 13th five-year plan (2016-2020).
By 2027, China aims to reduce the ratio of social logistics costs to GDP to about 13.5 percent as part of efforts to improve overall economic efficiency.
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