China’s courier market likely to beat US
Print Edition
CHINA is set to overtake the US as the world’s biggest courier market by the amount of parcels delivered this year, industry officials said yesterday.
China’s courier market is expected to deliver more than 20 billion parcels this year, a 50 percent annual jump.
Li Huide, vice chairman of the China Express Association, said the robust increase in courier deliveries is due to strong online retail sales.
The country’s online retail sales grew 48.7 percent in the first half of this year.
By 2020, China expects to see 50 billion parcels delivered by courier per year, which will exceed the total figure of the rest of the world, spurred by fast growing online sales, Li said.
Some 14 billion parcels were delivered across the nation last year, and domestic courier firms posted a total revenue of 204 billion yuan, Li said.
“It means over 100 million parcels are being delivered across the nation every day,” Li told an “Internet plus Express” forum yesterday.
Chinese courier firms will see a 4.7 percent rise to lead the surging demand for cargo aircraft over the next two decades, Anbessie Yitbarek, regional sales director of Northeast Asia at Boeing, told the forum.
YTO Express has signed a deal to buy 15 Boeing 737 cargo aircraft to expand its fleet to 18 by 2020, Yu Weijiao, president of the company, said yesterday.
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