The ratio is 0.8 percentage points lower than the level recorded at the end of the 13th Five-Year Plan period from 2016 to 2020, reflecting steady improvements in logistics infrastructure, coordination and cost control, as per the Chinese media reports.
Authorities have set a further target to bring the ratio down to around 13.5 per cent by 2027, aiming to lift productivity and support high-quality economic growth amid evolving domestic and global conditions.
Fibre2Fashion News Desk (SG)