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China vows strong support for private investors in logistics

(Xinhua)

11:25, June 09, 2012

BEIJING, June 8 (Xinhua) -- China's top economic planner on Friday published a guideline on offering more support to private investors in the logistic sector.

To ensure fair competition, the guideline pledged a substantial tax reduction for private logistic companies, a more favorable land-using policy and a better financing environment, according to a statement from the National Development and Reform Commission.

The newly adopted guideline specified a list of key logistic areas in which private investors should be encouraged to enter, including medicine and renewable resources delivery, supply chain management and cooperation with state-owned railway logistic companies.

In addition, it also welcomed private companies to invest in infrastructures for the logistic industry.

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