China has released a plan to build a modern commercial circulation system that integrates domestic and global markets, connects urban and rural areas, aligns production with sales and ensures efficient operation.
The plan, which must be completed by 2027, was published by nine state bodies, including the Ministry of Commerce.
To ensure the timely completion of the plan, the country will further improve its logistics and distribution systems covering districts, townships and villages, and accelerate the growth of new business models such as live e-commerce.
According to the plan, efforts will be made to create various digital supply chain service platforms and encourage a set of globally competitive companies in the traffic sector.
The plan also outlines measures to increase fiscal and financial support and launch pilot programs to help the modern commercial circulation system take shape.
China’s logistics industry has seen continuous expansion in recent years, and this year’s total social logistics is expected to reach about 360 trillion yuan (about $50.7 trillion), according to a report from the China Federation of Logistics. logistics and purchasing.
