The State Council on Wednesday announced new measures to cut logistics costs in an effort to lower the corporate burden and facilitate economic upgrading.

Lowering logistics costs while raising efficiency will help in "promoting mass entrepreneurship and innovation, job creation and the development of modern services," according to a statement following a State Council executive meeting presided over by Premier Li Keqiang.

Before the end of 2017, the country will simplify the approvals of licenses for heavy cargo transport crossing provincial regions by putting licenses online.

China will also take more measures to reduce taxes and clear fees, including a pilot program for charging different freeway tolls based on the time of day.