China vows strong support for private investors in logistics

BEIJING - 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.