Core Insights - The ratio of total logistics costs to GDP in China decreased to 14% in the first half of the year, reflecting improved supply chain efficiency and resulting in savings of over 130 billion yuan [1][2][3] - The government aims to reduce this ratio to approximately 13.5% by 2027, with comprehensive measures outlined in the "Action Plan for Effectively Reducing Social Logistics Costs" [1][3] Group 1: Logistics Cost Reduction - The decrease in logistics costs is attributed to the synergistic effects of industrial upgrades and technological advancements, particularly in optimizing economic structure and accelerating logistics technology innovation [1][2] - The reduction of institutional costs is crucial for lowering overall logistics costs, with efforts to address issues like industry monopolies and regional protectionism [2][3] Group 2: Future Goals and Strategies - Current logistics costs in China remain higher than the average levels in developed countries, necessitating a focus on breaking bottlenecks in cross-border logistics and multimodal transport [3] - Local governments, such as Shanghai and Guangdong, have set ambitious targets for logistics cost reduction, aiming for ratios below the national average, which provides a buffer for overall cost reduction efforts [3]