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May 8, 2017

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Courier sector posts fast growth

CHINA’S courier sector posted strong growth in 2016 thanks to continued efforts to boost consumption and services, according to the State Post Bureau.

The sector generated 397.4 billion yuan (US$57.6 billion) in revenue last year, up 43.5 percent annually, the bureau said.

A total of 31.28 billion deliveries were made last year, up 51.4 percent year on year, the bureau said.

The bureau’s data showed Guangzhou was the city with the most express deliveries made last year, followed by Shanghai, Shenzhen, Beijing and Hangzhou.

The country plans to extend the courier network and improve computerized systems, services and international connections by 2020.

The target annual revenue of the courier sector will be 800 billion yuan by 2020, said a policy document released by the State Council in October.

A survey done by China Federation of Logistics & Purchasing and in April showed about 80 percent of the surveyed 4,363 delivery men are satisfied with their earnings.


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