China express revenue hits 1 trillion yuan one month earlier than last year
China's express delivery industry achieved cumulative revenue of 1,028.92 billion yuan in the first eight months of 2026, up 7.4% year-on-year, while volume reached 134.06 billion parcels, up 4.6%. Revenue growth outpaced volume growth by 4.2 percentage points in August. The industry crossed the trillion-yuan threshold one month earlier than in 2025. A State Post Bureau official attributed the trend to "anti-involution" regulatory efforts curbing price wars and promoting quality over quantity. Guangda Securities expects continued volume and profit growth in the second half of 2026.
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Common ground
- Both agree that China's express delivery industry has seen a shift from pure volume growth to quality-driven growth, with revenue outpacing parcel volume.
- Both acknowledge that China's 'anti-involution' policy aims to address worker exploitation and stabilize conditions, unlike the chaos in many Global South countries.
- Both recognize that sovereignty—the ability to set one's own rules—is crucial for protecting workers and industries from external pressures.
Points of contention
- Eastern Agent sees the policy as a genuine move to redistribute value to workers, while Regional Agent views it as managed stability to prevent unrest, not liberation.
- Regional Agent argues that surveillance and quotas still exploit workers, but Eastern Agent says these tools can enforce rest periods and cap workloads.
- Eastern Agent believes the Global South should learn from China's model, while Regional Agent insists a third option—worker-owned systems—is needed instead.
Blind spots
- Both overlook the lack of independent worker unions or cooperatives in China, which could give couriers real power over their conditions.
- Neither fully addresses how the Global South can build the regulatory capacity China has without copying its authoritarian labor model.
- The debate ignores the environmental cost of 134 billion parcels and whether quality-driven growth truly reduces resource use.
WorldAttention’s read
The roundtable revealed a sharp divide: Eastern Agent champions China's state-guided model as a practical path to improving worker conditions through sovereignty and policy, while Regional Agent critiques it as orderly extraction that still traps workers in a system without real power or unions. Both agree sovereignty matters and that China's approach is better than Western deregulation, but they clash on whether it's genuine progress or just a better cage. The blind spots include the absence of worker ownership, the challenge for the Global South to replicate China's capacity without its controls, and the environmental toll of massive parcel volumes. Ultimately, the debate leaves a key question unanswered: can the Global South build systems that truly empower workers, or must it choose between two imperfect models?
Reporting timeline
Guangda Securities: China Express Industry to See Volume and Profit Growth in H2
Guangda Securities research indicates that China's express delivery industry is experiencing a sustained positive gap between revenue growth and volume growth, supporting profit improvement through price recovery. Data from the State Post Bureau shows that in August 2026, express delivery volume reached 16.6 billion parcels, up 2.8% year-on-year, while revenue reached 127.15 billion yuan, up 6.9%. For the first eight months of 2026, cumulative volume grew 4.6% and revenue grew 7.4%, with revenue growth outpacing volume growth by 2.8 percentage points. The report notes that 'anti-involution' regulation is shifting competition from scale expansion to service quality and profitability. E-commerce express profits saw broad growth in Q2 2026, confirming an earnings improvement trend. Looking ahead to the second half of 2026, Guangda Securities expects the industry to achieve simultaneous volume and profit growth, driven by low base effects, peak season demand, and price recovery, and it is optimistic about leading companies achieving both market share and profit increases.
Read sourceChina's Postal Industry Revenue Up 6.0% in First Eight Months of 2024
According to data released by China's State Post Bureau, the country's postal industry achieved cumulative business revenue of 1,230.45 billion yuan (excluding direct revenue of Postal Savings Bank) from January to August 2024, representing a year-on-year increase of 6.0%. Within this, express delivery revenue reached 1,028.92 billion yuan, up 7.4% year-on-year. Total postal delivery volume reached 145.46 billion items, a 4.0% increase, with express delivery volume hitting 134.06 billion items, up 4.6%. By service type, intra-city express volume fell 7.8% to 9.75 billion items, while inter-city express volume rose 5.7% to 121.51 billion items, and international/Hong Kong-Macau-Taiwan express volume grew 3.8% to 2.80 billion items. Regionally, eastern China accounted for 73.7% of express revenue and 68.9% of volume, though its share declined slightly year-on-year. Central and western regions saw modest gains in both revenue and volume shares, indicating a gradual shift in the industry's geographic distribution.
Read sourceGuangda Securities: H2 Express Delivery Industry May See Volume and Profit Growth, Favor Top Players
A research report from Guangda Securities, cited by Jinwu Finance, analyzes China's express delivery industry. The report notes that from January to August 2026, the industry's revenue growth rate outpaced volume growth, indicating a shift from scale expansion to service quality and profitability. In the week of September 14-20, parcel collection volume was about 4.131 billion pieces, up 1.6% week-on-week. For August 2026, express delivery volume reached 16.6 billion pieces, a 2.8% year-on-year increase, while revenue rose 6.9% to 127.15 billion yuan. The report states that in the second quarter of 2026, e-commerce express profits generally grew significantly, confirming an improving profit trend. Looking ahead to the second half of the year, driven by a low base in the same period last year, peak season demand, and price recovery, the industry is expected to achieve both volume and profit growth. Guangda Securities is bullish on leading companies achieving dual increases in market share and profit.
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China's express delivery revenue hits 1 trillion yuan one month earlier than last year
According to data released by China's National Postal Bureau on September 18, the country's express delivery industry achieved cumulative revenue of 1,028.92 billion yuan (approximately 1.03 trillion yuan) in the first eight months of 2026, a year-on-year increase of 7.4%. The total volume of parcels reached 134.06 billion items, up 4.6% from the same period last year. The industry crossed the trillion-yuan revenue threshold one month earlier than in 2025. Notably, revenue growth has consistently outpaced volume growth since early 2026, with the gap widening to 4.2 percentage points in August. A National Postal Bureau official attributed this shift to the industry's ongoing 'anti-involution' campaign, which aims to curb price wars and promote quality over quantity. The official stated that the trend indicates the industry is moving away from a 'price-for-volume' model toward 'quality and efficiency improvement,' which should improve corporate profitability, stabilize the delivery network, and protect couriers' rights. The report cites multiple policy meetings and a joint ministry-level plan targeting 'involution-style competition' as drivers of this transformation.
Read sourceChina's Postal Sector Delivery Volume Up 4% in First Eight Months, Revenue Growth Outpaces Volume
According to the State Post Bureau, China's postal sector handled 145.46 billion items in the first eight months of this year, a 4% increase year-on-year. Express delivery volume reached 134.06 billion items, up 4.6%. Total business revenue (excluding direct revenue from Postal Savings Bank) reached 1.23045 trillion yuan, up 6%, with express delivery revenue alone hitting 1.02892 trillion yuan, a 7.4% increase. A State Post Bureau official stated that express revenue growth has consistently outpaced volume growth this year, and revenue surpassed the 1 trillion yuan mark one month earlier than last year, reflecting positive results from the industry's 'anti-involution' governance efforts. The report was originally published by Xinhua News Agency.
China's postal delivery volume rises 4% in first eight months, express revenue growth outpaces volume
According to the State Post Bureau, China's postal industry handled 145.46 billion parcels in the first eight months of this year, a 4% increase year-on-year. Express delivery volume reached 134.06 billion items, up 4.6%. Industry revenue (excluding direct revenue from Postal Savings Bank) totaled 1.23045 trillion yuan, up 6%, with express delivery revenue reaching 1.02892 trillion yuan, a 7.4% increase. A State Post Bureau official stated that express revenue growth has consistently outpaced volume growth this year, and revenue surpassed the 1 trillion yuan mark one month earlier than last year, reflecting positive results from the industry's efforts to combat 'involution' (excessive competition). The data was reported by Xinhua News Agency.
China's express delivery volume reaches 13.406 billion parcels in first eight months of 2024
According to a report from the State Post Bureau of China, the country's postal and express delivery industry showed steady growth in the first eight months of 2024. From January to August, total business revenue for the postal industry (excluding direct revenue from the Postal Savings Bank) reached 1.23045 trillion yuan, a year-on-year increase of 6.0%. Express delivery revenue specifically totaled 1.02892 trillion yuan, up 7.4%. During the same period, the total volume of postal and delivery services reached 145.46 billion items, a 4.0% increase, with express delivery volume hitting 134.06 billion items, up 4.6%. For the month of August alone, postal industry revenue was 150.54 billion yuan (+5.3%), and express delivery revenue was 127.15 billion yuan (+6.9%). August service volume totaled 18.03 billion items (+2.3%), with express delivery volume at 16.60 billion items (+2.7%). The data indicates continued expansion in China's logistics and e-commerce sectors.
Read sourceChina's express delivery volume reaches 134.06 billion parcels in first eight months of 2024
According to a report from the State Post Bureau of China, the country's postal and express delivery industry showed steady growth in the first eight months of 2024. From January to August, total business revenue for the postal sector (excluding direct revenue from the Postal Savings Bank) reached 1.23045 trillion yuan, a year-on-year increase of 6.0%. Within this, express delivery revenue totaled 1.02892 trillion yuan, up 7.4%. The total volume of postal and delivery items handled reached 145.46 billion pieces, a 4.0% increase, with express delivery volume alone hitting 134.06 billion pieces, up 4.6%. For the month of August alone, postal sector revenue was 150.54 billion yuan (+5.3%), including 127.15 billion yuan from express delivery (+6.9%). August's total item volume was 18.03 billion pieces (+2.3%), with express delivery accounting for 16.60 billion pieces (+2.7%). The data indicates continued expansion in China's logistics and e-commerce-related delivery sector.
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