China's postal industry revenue past 11 months nears 1 trillion yuan

Xinhua
13 Dec 2020, 16:36 GMT+10

China's postal industry has maintained robust expansion this year, with revenues and business volumes rising.
The industry's revenues rose 14.4% to 992.85 billion yuan (about 151.8 billion U.S. dollars) during the first 11 months.
Data also showed thatcourier companies handled 74.1 billion packages from January to November, up 30.5%.

Employees work at an airmail distribution center of China Post in Guangzhou, south China's Guangdong Province, on Nov. 10, 2020. (Xinhua/Deng Hua)

BEIJING, China, Dec. 13 (Xinhua) -- China's postal industry has maintained robust expansion this year, with revenues and business volumes rising, data from the State Post Bureau showed Saturday.

The industry's revenues rose to 992.85 billion yuan (about 151.8 billion U.S. dollars) during the first 11 months, up 14.4 percent from a year ago.

In November alone, the industry raked in 113.23 billion yuan, up 15.9 percent year on year.

China's postal industry has been on the fast track in recent years as e-commerce activities continue to fuel the sector's growth.

Data also showed that courier companies handled 74.1 billion packages from January to November, soaring 30.5 percent year on year. Their revenues jumped 17 percent year on year to 786.92 billion yuan.

The courier service sector has been witnessing rapid business volume growth since February as it recovers from the COVID-19 epidemic.

Last month, Shanghai, Guangzhou and Shenzhen were the top three cities in terms of courier business revenue.

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