China's Postal Sector Posts Rapid Growth in October

Faculty staff and students get their parcels at a make-shift collecting point in an indoor tennis court at Nanjing University of Aeronautics and Astronautics (NUAA) in Nanjing, east China's Jiangsu Province, Nov. 13, 2018. [Xinhua/Li Bo]
 

The sector's business revenue surged 21.4 percent to about 11.74 billion U.S. dollars in October, with 5.76 billion parcels delivered, up 22.7 percent year on year.

BEIJING, Nov. 17 (Xinhua) -- China's postal sector posted rapid growth in business revenue in October, official data showed.

The business revenue of the sector surged 21.4 percent to 82.17 billion yuan (about 11.74 billion U.S. dollars) in October, according to a statement released by the State Post Bureau.

Meanwhile, business volume hit 147.31 billion yuan, up 31.1 percent year on year, the statement said.

The country's courier firms delivered 5.76 billion parcels last month, up 22.7 percent from one year earlier, with their total revenue soaring 23.2 percent year on year to 65.8 billion yuan.

In the first 10 months, the business revenue of the postal sector totaled 770.44 billion yuan, up 21.3 percent year on year, the statement added.

China plans to extend the courier network and improve its computer systems, services and international connections by 2020 when the target annual revenue of the courier sector will hit 800 billion yuan. 

(Source: Xinhua)