Ministry of Commerce praised JD Logistics and Cainiao for improving domestic trade efficiency

　　According to the official website of the Ministry of Commerce, the Ministry of Commerce recently released the "Review and Outlook on China's Domestic Trade Development in 2016", praising a group of modern logistics companies such as JD Logistics and Cainiao Logistics for adopting information and intelligent means, innovating cooperation models, and continuously improving logistics and distribution efficiency. "On-day delivery" has become a new navigation bench in the distribution field.

　　Data shows that in 2016, the major domestic trade industries achieved added value of 9.6 trillion yuan, accounting for 12.9% of GDP, an increase of 0.3 percentage points over 2012; there are 60.2 million market entities, an increase of 40.3% over 2013; the total retail sales of consumer goods exceeded 33 trillion yuan, an increase of 55% over 2012, and the scale of consumer goods market firmly ranked second in the world; the total sales of means of production was 60.4 trillion yuan, an increase of 7.3% over the previous year; the ratio of total social logistics expenses to GDP was 14.9%, a decrease of 3.1 percentage points over 2012; the contribution rate of final consumption expenditure to economic growth reached 64.6%, an increase of 9.7 percentage points over 2012.

　　The report shows that in 2016, the pace of "going out" in major domestic trade industries has accelerated significantly. In 2016, the foreign direct investment of major domestic trade industries was US$32.11 billion, an increase of 70.3% over the previous year, accounting for 18.9% of the total foreign investment. Among them, the wholesale and retail industry's foreign direct investment was US$27.56 billion, an increase of 72% over the previous year; the accommodation and catering industry's foreign direct investment was US$1.8 billion, an increase of 216.6%; the residents' services, repairs and other services industry's foreign direct investment was US$2.75 billion, an increase of 21.3%.

　　Domestic trade circulation costs continue to decline. In 2016, the total social logistics expenses were 11.1 trillion yuan, an increase of 2.9% over the previous year. Although the growth rate increased by 0.1 percentage point compared with the previous year, it was significantly lower than the total social logistics and GDP growth rate; the ratio of total social logistics expenses to GDP was 14.9%, a decrease of 1.1 percentage point from the previous year and a decrease of 3.1 percentage point from 2012, showing a continuous downward trend. By implementing special actions to standardize commercial logistics, the comprehensive logistics costs of key enterprises in pilot cities have been reduced by 10%.

　　Domestic trade circulation efficiency has steadily improved. The rapid development of facilities and technologies such as transportation, information and communication, and finance supports the continuous shifting of business flow, logistics, capital flow and information flow. A number of modern logistics companies such as JD Logistics and Cainiao Logistics have adopted information and intelligent means to innovate cooperation models and continuously improve logistics and distribution efficiency. "On-day delivery" has become a new navigation beacon in the distribution field.

　　Domestic trade-shared circulation accelerates penetration. With the support of information technology, the sharing economy, characterized by high technical content, strong willingness to participate in the public, and low resource allocation cost and high efficiency, is in full swing and is accelerating its penetration into the circulation field. Some e-commerce platforms actively explore the logistics crowdsourcing model, relying on the mobile server to arrange delivery tasks anytime and anywhere, and meet consumer needs in a timely, accurate and convenient manner, effectively alleviating the problem of "last mile" of logistics distribution.

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