China's courier sector continues to grow in February

BEIJING -- China's courier sector continued to expand in February, a monthly industry index has shown.

The China express delivery development index stood at 229.4 last month, up 21.4 percent year-on-year, the State Post Bureau said.

The monthly volume of parcels delivered is estimated to have increased 48 percent year-on-year while express delivery revenue went up 31 percent, the bureau said.

In February 2021, the courier sector handled about 4.8 billion parcels, with revenue totalling 49 billion yuan ($7.74 billion).

The bureau attributed the increase to the week-long Spring Festival holiday and the Winter Olympics economy.

It forecast continued expansion of the sector in March, with the average daily volume of parcels delivered exceeding 300 million.