What's news

Govt and policies

Express delivery spending up in 2016

Chinese customers spent more on express delivery services last year, while average delivery costs continued to decline, according to an industry report. Average spending in China on express delivery stood at 287 yuan ($42) last year, up 42.7 percent year-on-year, according to the State Post Bureau. Meanwhile, average costs dropped from 13.4 yuan per item to 12.7 yuan and consumers were increasingly satisfied with the services. A total of 31.3 billion parcels were delivered last year, up 51.4 percent year-on-year. The sector generated 397 billion yuan in revenue last year, up 43.5 percent, the bureau said. The target annual revenue of the courier sector will be 800 billion yuan in 2020, according to a policy document released by the State Council last October.