28-Feb-18, Asia Times
The State Council has passed provisional regulations on China’s express industry for the first time, amid dramatic growth in the annual volume of express deliveries.
%20Reuters_Thomas%20Peter.jpg "Staggering growth in Chinas express package industry (c) Reuters Thomas Peter")
Image: Reuters / Thomas Peter
A total of 40.06 bn express packages were delivered in 2017, 33 times the amount in 2007, and accounting for more than 40% of the total packages around the world.
Among the latter, 68% of the packages came from e-commerce businesses. The annual revenue of the express industry also reached about USD500 bn, 14.5 times of that in 2007.