Transport Efficiency through Logistics Development: Policy Study (English)

Abstract

Logistics includes material flow, information flow, and financial flow between the point of supply and the point of consumption, with transport serving as its core. With the rapidly evolving economy of the People’s Republic of China, there is a need for a modern transport and logistics system that is efficient, safe, sustainable, and meets customers’ requirements. This policy brief describes the current state of transport and logistics development in the PRC. It provides policy recommendations that are suitable for application in the PRC, based on the results of the study and analysis of best practices in different countries. Foremost among the recommendations are (a) upgrade existing infrastructure to achieve an interconnected network with properly planned and designed interchange facilities, multimodal transport hubs, and logistics centers; (b) speed up modernization of transport and logistics systems and equipment; and (c) formulate new logistics policies that improve the transport regulatory framework.