China’s Postal Industry Has 20% Global Market Share, State Post Bureau Says

China’s Postal Industry Has 20% Global Market Share, State Post Bureau Says

Zhang Xia

Date: Tue, 10/17/2017 - 18:23 / source:Yicai
China’s Postal Industry Has 20% Global Market Share, State Post Bureau Says
China’s Postal Industry Has 20% Global Market Share, State Post Bureau Says

China’s postal market has a 20-percent global market share, is the world’s fastest growing postal market, has the greatest development potential, is the most attractive for investment and the most active in terms of innovation, Shen Hongyan, spokesman of the State Post Bureau of China said.

Since the 18th National Congress of the Communist Party of China in 2012, China’s postal industry has undergone significant optimization and made great development. Over the past five years, the whole sector has seen business income and total traffic volume increase 2.7 times and 3.6 times, Shen said.

Growth in business volume and income at couriers has increased by 5.5 times and 3.8 times, respectively, and average annual business volume growth of 53 percent has seen China’s couriers rank first worldwide for three straight years. There are 217,000 outlets nationwide covering more than 86 percent of the populous, and 20,000 legal enterprises employing more than 2 million people and creating 200,000 jobs a year, he added.

China’s postal industry plans an active role in reducing circulation costs and creating jobs. Over the past five years, courier services have seen prices drop by 31 percent on average, while daily deliveries average more than 300 million. Services for agricultural products to be exported pull in CNY100 billion (USD14.38 billion) a year, while services for the manufacturing industry average CNY120 billion (USD18.46 billion). Online retail, which makes up 12.5 percent of retail sales of consumer goods, is worth around CNY4 trillion (USD615.4 billion).

The country has also accelerated modernization of governance and capacity of the postal industry over the period. It has also simplified the processes under which couriers apply for licenses to improve online services, and implemented a mail inspection system. Real names are now required to send and receive packages in 40 percent of cases, and there are now more than 8,000 pieces of safety monitoring equipment in China. 

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Keywords: Postal Industry, State Post Bureau of China, Couriers, LOGISTICS