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Premier Wen Jiabao of the State Council presided over the executive meeting of the State Council on June 8, 2011 to study and deploy the work of promoting the healthy development of the logistics industry. The results of the meeting agreed that China must formulate and improve supporting policies and measures to promote the healthy development of the logistics industry. Specifically, it includes eight aspects: 1. Effectively reduce the tax burden on logistics companies; 2. Increase support for land policies in the logistics industry; 3. Promote the convenient passage of logistics vehicles; 4. Improve the management of logistics enterprises; 5. Encourage the integration of logistics facilities Resources; 6. Promote the innovation and application of logistics technology; 7. Increase investment in the logistics industry; 8. Promote the development of agricultural product logistics.
On June 14, 2011, the Ministry of Transport website published the “Notice on the Special Clearance of Toll Highwaysâ€. The notice required a period of one year or so to fully clear the excessive fees and toll fees for over-time fees and tolls for roads and unreasonable charges. Resolutely withdraw the charging items when the fees expired, cancel the toll stations (points) whose spacing does not meet the regulations, and correct various illegal charging behaviors.
The State Council "Conference" and this "Notice" have an impact on the automotive industry, especially the medium- and heavy-duty card industry. Our comments are as follows: China's economic development is increasingly dependent on logistics, and for the automotive industry, it may lead to the regulation of automobile production capacity. .
Economic development has become increasingly dependent on the logistics industry. In 2010, the output per unit of GDP required 3.15 units of total social logistics. In 1993, the total social logistics output per unit of GDP required only 1.5 units. To support, the problem of low efficiency of China's logistics industry has become increasingly apparent. For the automotive industry, 18 million vehicles were produced and sold in 2010. There are certain imbalances in the places of origin and sales. Under the pressure of high oil prices, we believe that in order to reduce logistics costs, the management may consider issuing relevant policies. Guide the rational layout of automobile production capacity, and promote the construction of the central and western regions.
The relevant support policies will improve the profitability of truck users, which is beneficial to commercial vehicles, especially the heavy-duty truck industry. The proportion of trucks driving on the highway is not low, among which the proportion of medium and heavy trucks is quite high. For medium-to-heavy card users, tolls and fines account for approximately 22% of user operating costs and depreciation. Since the implementation of relevant policies to support the logistics industry, such as lightening the tax burden, land, and vehicle traffic, will reduce the cost of the logistics industry, improve profitability, and increase the enthusiasm of users to purchase cars, which will play a supporting role in the demand for automobiles.
The transmission of the influence of the "Notice" needs a process, and it is unlikely that it will immediately lead to the reversal of the truck industry. There are more games of interest involved in the "Notice" and there is still observation on the strength of implementation. From the perspective of the "Notice", management is mainly due to the consideration of reducing logistics costs. Since the logistics industry is a fully competitive industry, the cost of the "Notice" has improved, and the competitive landscape in the logistics industry is not too great. After the 4 trillion yuan change, there will be too many heavy trucks, and when there is no other stimulus to rapid growth in demand and freight volume, there may be a case where the freight rate continues to fall. This is also the result of management's willingness to see that it will not make The profits of truck users have increased dramatically. Therefore, the "Notice" for the automotive industry, the profitability of truck users may appear short-term positive, the impact of a good medium-term neutrality, the impact on short-term sales will not be great.
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