CURRENT STATE AND PROSPECTS OF THE DEVELOPMENT OF THE LOGISTICS COMPONENT OF THE CHINA ECONOMY

Abstract

China's economy is growing at an unprecedented rate. Based on modern information technologies, the model of economic growth of the country has moved from the traditional components (agricultural and heavy industry) to those in demand today: light industry and services. Especially in recent years, the logistics, Internet business, which is gradually taking a strategic position in the country and is responsible for providing special services to businesses, have undergone rapid development. As a manufacturer's service sector, the logistics component is closely linked to other components of the economic system, and improving its efficiency can contribute to the economic growth of the country as a whole. Promoting the formation and development of the logistics industry plays a huge role in reducing costs and optimizing the functioning of China's real economy. In today's world, e-commerce is at a stage of unprecedented development in China. Online shopping has become a necessary, everyday attribute in the behavior of Chinese consumers. Under such conditions, there are a large number of problems with the development of the logistics component of China's economy: territorial differences (development between regions is uneven); high cost of logistics services; modern information and technical challenges; imperfect legislative and regulatory regulation of this industry; constant competition with other countries and others. Given the peculiarities of the economy, the significant influence of the state, a list was formed and measures were taken to help reduce costs and increase the efficiency of the logistics component, the development of international logistics, the formation of relevant links in the long run and more. China plays an important role in the international market as one of the leaders in export-import operations. Accordingly, the formation of China's logistics industry directly affects the economic development of all countries. There is still a large gap in international logistics between China and other developed countries. Rational planning, development strategy development, stimulation of simultaneous development of domestic and international logistics business is an important topic for further research.