(Yicai Global) Jan. 9 -- This year will see China's express sector completing 49 billion deliveries, up 22.5 percent per year, the State Postal Bureau projects. Calculated based on its estimate of the population of the Chinese mainland at 1.4 billion by the end of 2016, the business volume of the nation's express delivery services will be 35 packages per capita, as China News Service reported.
The SPB announced these figures during the National Conference on Postal Administration held in Beijing yesterday. The year will see a CNY1.22 trillion (USD188 billion) business volume in China's postal sector, up 25 percent annually, per the projection. Turnover will touch CNY777.5 billion for an annualized rise of 17 percent. A total of 49 billion express parcels will be delivered, up 22 percent per year, with turnover predicted to hit CNY595 billion, up 20 percent on last year.
The volume for China's postal sector last year is estimated at CNY976.5 billion, up 32 percent annually. Turnover is assessed to be CNY664.5 billion for an annualized growth rate of 23.5 percent. Express packages amounted to 40 billion, up 28 percent annually, with turnover of CNY495 billion producing a yearly rise of 24.5 percent.
China's express business volume has increased to 40 billion parcels from a mere 5.7 billion over the last half decade, topping the world's ranking for four straight years. As the number of packages sent via express in China has surpassed that of developed economies including the US, EU and Japan, the country's contribution to the growth of the world's postal sector has risen to over 50 percent, and now serves as the driving and stabilizing force for the entire global postal sector.