China formulates five-year plan for building modern distribution system

China’s top economic planner on Monday unveiled plans for a modern distribution system over the period of the 14th five-year plan (2021-2025).

By 2025, China expects distribution costs to fall and the modern distribution system to become more efficient, meaning the sector will play a much bigger role in the economy, according to the National Commission. development and reform.

The plan will facilitate improved movement of goods and resources; commercial and logistics facilities; national and international distribution networks and service systems; carrying capacity; financial aid; emergency response; and green development.

The modern distribution system is expected to be completed by 2035, placing China among the leaders in terms of distribution efficiency and quality, and providing effective support for the development of a modern economic system.

The plan outlines key tasks in six areas, including deepening market reform for modern distribution, perfecting the modern commercial distribution system, and accelerating the development of a modern logistics system.

China will also strengthen its support for transportation, financial services and credit services within the distribution system ecosystem, according to the document.
Source: Xinhua

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