[HIGHLIGHTS] Xi Jinping presided over the fourth meeting of the Central Financial and Economic Commission, emphasizing the promotion of a new round of large-scale equipment updates and the trade-in of consumer goods to effectively reduce the logistics costs of the whole society.

Xi Jinping presided over the fourth meeting of the Central Financial and Economic Commission. He emphasized the promotion of a new round of large-scale equipment updates and the trade-in of consumer goods.

Logistics is the "string" of the real economy, connecting production and consumption, domestic trade and foreign trade. It must effectively reduce the logistics costs of the whole society, enhance the core competitiveness of the industry, and improve the efficiency of economic operation. Xi Jinping delivered an important speech at the meeting, emphasizing that accelerating product upgrading is an important measure to promote high-quality development.