Revenue from the Chinese postal sector, rose 10.6 % in May, compared to 2020

Revenue from the Chinese postal sector, rose 10.6 % in May, compared to 2020

China’s postal industry registered rapid growth in business revenue in the first five months of the year, official data shows.

The sector’s combined business revenue totaled 502.24 billion yuan (about 77.57 billion U.S. dollars), up 24.3 percent year on year, data from the State Post Bureau shows.

In May alone, the postal sector raked in a total of 105.19 billion yuan in revenue, rising 10.6 percent from a year earlier.

From January to May, China’s courier companies handled 39.65 billion parcels, a sharp increase of 50.1 percent. Their combined business revenue jumped 29.7 percent from a year ago to 392.58 billion yuan.

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