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Delivery market to open
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CHINA will further open the domestic express delivery market to foreign enterprises to help develop a modern tertiary sector, authorities said yesterday.
The State Council, China’s Cabinet, decided at a meeting chaired by Premier Li Keqiang to fully open the country’s domestic package delivery business to qualified foreign companies.
The country will streamline license approval procedures and encourage mergers and acquisitions, even those launched with foreign capital, within the necessary review system.
China’s international delivery business has become basically open to overseas capital, while domestic markets in major cities have gradually become available to foreign players.
Authorities believe allowing in foreign competitors, a move promised when China entered the World Trade Organization, will push homegrown delivery businesses to up their game.
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