China State Post Bureau observes massive growth in sector

The China State Post Bureau has announced that the postal sector in the country saw rapid revenue growth in July.

Revenue across the industry saw 22.9% growth to $10.79. Business volume hit 132 billion yuan ($18.47bn), a growth of 33.7% year on year.

Within this China’s express delivery companies handled 5.25 billion parcels in July, which was up 28.6% from the same period last year. Total revenues in the sector saw 26.3% to 60.84 billion yuan ($8.51bn) according to the China State post bureau.

The postal sector saw business revenue hit 528.71bn yuan ($73.98bn) in the first seven months of the year, up 21.3%.

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