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China's postal sector sees 4% rise in parcel volume in first 8 months, courier revenue hits 1 trillion yuan earlier
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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.
Source report
According to the State Post Bureau, China's postal and delivery sector handled a total of 145.46 billion parcels in the first eight months of this year, representing a year-on-year increase of 4%. Among these, express delivery services accounted for 134.06 billion parcels, up 4.6% year-on-year.
In terms of revenue, the postal industry generated 1,230.45 billion yuan (excluding direct revenue from the Postal Savings Bank of China) during the same period, a 6% increase from the previous year. Express delivery revenue alone reached 1,028.92 billion yuan, up 7.4% year-on-year.
A spokesperson from the State Post Bureau noted that since the beginning of this year, the growth rate of express delivery revenue has consistently outpaced that of parcel volume. The revenue milestone of one trillion yuan was reached one month earlier than last year, reflecting positive outcomes from the industry's efforts to curb "involution" — excessive internal competition.
(Reporters: Wang Yuhao, Ye Haoming) Source: Xinhua News Agency
Source
中国产业经济信息网Eastern
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China's express revenue hits 1 trillion yuan one month earlier than last year