Xi Jinping Leads Efforts to Promote Equipment Updates and Reduce Logistics Costs
Beijing, Xinhua News Agency – On February 23, Xi Jinping, General Secretary of the CPC Central Committee, President of the State, Chairman of the Central Military Commission, and Director of the Central Financial and Economic Commission, chaired the fourth meeting of the Central Financial and Economic Commission. The focus of the meeting was on promoting a new round of large-scale equipment updates and trade-in of consumer goods, as well as effectively reducing logistics costs for the whole society.
During the meeting, Xi Jinping emphasized the importance of accelerating product upgrading as a key measure to promote high-quality development. He encouraged and guided a new round of large-scale equipment updates and the replacement of old consumer goods with new ones. Xi Jinping highlighted the significance of logistics in connecting production and consumption, and stressed the need to reduce the logistics costs of the whole society to enhance industry competitiveness and economic efficiency.
Key officials including Li Qiang, Cai Qi, and Ding Xuexiang attended the meeting to discuss reports from various departments on large-scale equipment updates, trade-in of consumer goods, and reducing logistics costs. The meeting underscored the benefits of implementing such updates and replacements in stimulating investment and consumption, promoting resource recycling, and improving the national economic cycle. Policies aimed at encouraging advanced production capacity, promoting high-quality consumer goods, and ensuring standards and order in the process were emphasized.
To achieve these goals, the meeting called for the promotion of equipment technological transformation, trade-ins of traditional consumer goods, and the development of efficient recycling logistics systems. It also stressed the importance of reducing transportation, warehousing, and management costs to serve the real economy and the people. Strategies such as optimizing transportation structures, reforming the transportation system, and developing new logistics models were highlighted to create a unified, efficient, and competitive logistics market.
Members of the Central Financial and Economic Commission and relevant department officials participated in the meeting to further discuss and implement these initiatives aimed at enhancing economic efficiency and promoting sustainable development.