tainers carrying goods for export are seen in Qingdao Port

hina aims to reduce logistics costs by nearly 121 billion yuan ($17.8 billion) this year, the Ministry of Transport anno

unced on Thursday at a news conference of the State Council Information Office.

Spokesman Wu Chungeng said the ministry will unveil a string of m

easures not only to cut costs but to promote innovative development of the industry.

China will continue to increase railway freight volume, upgrade its w

ater transportation system, regulate highway freight transport and speed up mult

imodal transport in a bid to improve its logistics network and optimize its structure, Wu said.

It will also further integrate important ports and harbors into the inland multimodal transport and logistics net

work, which will connect them with more railways and highways and enable improved cargo interoperability, he said.

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