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China's social logistics costs-to-GDP ratio at record low in Jan-Sep

29 Oct '25
1 min read
China's social logistics costs-to-GDP ratio at record low in Jan-Sep
Pic: ambient_pix / Shutterstock.com

Insights

  • China's social logistics costs were worth $2 trillion in the first three quarters this year, accounting for 14 per cent of its GDP and maintaining their lowest level since records began, official data show.
  • The ratio remained unchanged from the first half of the year, but decreased by 0.1 percentage point YoY.
  • China aims at cutting the ratio of social logistics costs to GDP to 13.5 per cent by 2027.
China's social logistics costs were worth 14.2 trillion yuan (~$2 trillion) in the first three quarters this year, accounting for 14 per cent of its gross domestic product (GDP) and maintaining their lowest level since records began, according to official data.

The ratio remained unchanged from the first half of the year, but decreased by 0.1 percentage point year on year, according to the National Development and Reform Commission.

China aims at cutting the ratio of social logistics costs to GDP to around 13.5 per cent by 2027 as part of its move to improve economic efficiency, as per an action plan unveiled in November 2024 by the general offices of the Communist Party of China Central Committee and the State Council.

The country expects to optimise its goods transportation structure further and strengthen its national logistics hub system and modern logistics services network by 2027, a state-controlled news agency reported.

ALCHEMPro News Desk (DS)
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