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People's Daily Online>>China Business

Logistics cost may account for 18 percent of GDP in 2012

By Tu Lufang (Beijing Daily)

15:57, January 17, 2012

Edited and translated by People's Daily Online

In 2012, the growth rate of China's logistics industry will further slow down and the total social logistics volume will still account for about 18 percent of the GDP.

Under the pressure from the sharply increasing cost, the average profit margin of China's logistics industry has decreased to 4.4 percent. In 2012, the logistics industry will have several preferential policies, including the decline of the land use cost.

The director of the China Federation of Logistics and Purchasing He Liming said that the land use tax adjustment plan for the logistics industry has been fundamentally made. It is expected that the policy of reducing the cost of the industry will be launched soon.

According to the current Provisional Regulations on Urban Land Use Tax of China, the annual land use tax of large cities is between 1.5 and 30 yuan per square meters, a sharp rise compared to that of 2006 (between 0.5 and 10 yuan per year).

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