China's Postal Industry 2008 Revenue Targets to Hit RMB 106.5 Bln (USD14.8 billion)

The 2008 target for China’s postal industry is to generate RMB 106.5 billion (USD14.8 billion) in revenue, said Ma Junsheng, director of the State Post Bureau (SPB) during a national working conference. Detailed policy changes proposed by Ma includes the finalized evaluation system on postal services, the general improvements made to the quality of normal and special services as well as the online express enterprises’ basic industry requirements.

As a key segment of information industry, China’s postal industry experienced a fast and efficient growth in 2007 with revenue rising 16 pct to RMB 93 billion (USD 12 billion), according to data released by the Ministry of Information Industry (MII). The reforms, executed by the government and enterprise separately, have achieved initial progress. It has optimized the industry structure, made government supervision more efficient and further improved the market-dominated competition system.

The 2008 target for China’s postal industry is to generate RMB 106.5 billion (USD14.8 billion) in revenue, said Ma Junsheng, director of the State Post Bureau (SPB) during a national working conference. Detailed policy changes proposed by Ma includes the finalized evaluation system on postal services, the general improvements made to the quality of normal and special services as well as the online express enterprises’ basic industry requirements.

As a key segment of information industry, China’s postal industry experienced a fast and efficient growth in 2007 with revenue rising 16 pct to RMB 93 billion (USD 12 billion), according to data released by the Ministry of Information Industry (MII). The reforms, executed by the government and enterprise separately, have achieved initial progress. It has optimized the industry structure, made government supervision more efficient and further improved the market-dominated competition system.

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