China's Postal Income up 8.5 PCT in Jan-June
China’s postal trade chalked up 24.7 billion yuan (US$3 billion) in business income in the first six months of 2002, 8.5 per cent more than the same period last year, said the State Bureau of Postal Service.
The figure accounts for 48.5 per cent of the annual income target set by the Bureau earlier this year.
The postal trade raked in 630 million yuan by providing logistics service, with a 21 per cent monthly growth in Jan-June; and 520 million yuan by providing telecom service.
China is extending reforms in the postal sector.
Earlier this year, the State Bureau of Postal Service established an airmail company by cooperating with South China Airlines.
A total of 19,700 postal staff were laid off in an effort to cut costs and improve efficiency.
