China post industry increases revenues in 2008
China’s post industry received 140.7 bn yuan (USD 20.5bn) in revenue in 2008, up 15.9% year-on-year.
China’s post industry received 140.7 bn yuan (USD 20.5bn) in revenue in 2008, up 15.9% year-on-year.
The industry includes postal services and postal savings. Revenues of postal services, including express mail and philatelic services, rose 14% to 96bn yuan.
State Post Bureau head Ma Junsheng said Monday that new services, such as Internet commerce, played a main part in driving the industry.
Express mail, which accounts for more than 43% of the postal industry, took in 40.7bn yuan last year, up 18.8% over 2007.
The SPB set a goal in 2009 to increase overall business revenue by 13% to 159 bn yuan. The express business was expected to rise 18% to 48bn yuan.
The SPB is the regulator of China’s postal industry and manages postal enterprises nationwide. The country’s biggest postal service player, China Post, is under the direct administration of the bureau.
