Tag: China

FedEx says express delivery dispute with China Post resolved

Posted by | Oct 21, 2001 | |

BEIJING (AFX-ASIA) – The dispute over international mail delivery rights between state-run China Post on the one side and express delivery companies including Federal Express Corp, United Parcel Service Inc and DHL and their domestic agents on the other, has been resolved, David Cunningham, president FedEx’s Asia Pacific division told AFX-ASIA. FedEx held talks with China’s trade minister Shi Guangsheng on the sidelines of the APEC summit in Shanghai on Friday, Cunningham said. “There has been tremendous progress. MOFTEC (Ministry of Foreign Trade and Economic Cooperation) has been a very strong proponent of dealing with the China Post issue and the issues we were having earlier this year have largely been resolved. “There have been no further impacts to our business since the summer and we can continue our business as we have always run it.” A row broke out between the two sides late last year when China Post, which has its own express mail service EMS, claimed that it had exclusive rights to mail delivery and that foreign express delivery companies and their local agents were breaking the law and operating illegally.

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China Post joins hands with other sectors

Posted by | Oct 12, 2001 | |

BEIJING, Oct 12, 2001 (AsiaPort via COMTEX) — Since the 9th of this October, customers can turn in their mobile handsets fee, fulfill insurance policies and enjoy the service of international freight delivery at one place – Beijing Post Office.

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China Postal Service records first monthly profit in decades

Posted by | Oct 11, 2001 | |

BEIJING, Oct 11 Asia Pulse – China’s postal sector has ended decades of loss, recording significant earnings for September. Liu Liqing, head of the State Post Bureau, said that the postal sector earned a profit of 160 million yuan (US$19.3 million) in September. This was a result of service-oriented reforms that the 500,000-employee strong postal sector has been undergoing since the beginning of the year.

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TPG'S china venture

Posted by | Oct 8, 2001 | |

$30 million joint venture with automotive group is largest foreign investment in China logistics Copyright 2001, Traffic World Magazine Paris

TNT Post Group and Shanghai Automotive Industry Corp. Group will start operating a logistics joint venture in China beginning next year. The 50-50 partnership, which will have an initial capitalization of $30 million, represents the largest foreign investment in the Chinese logistics industry to date, according to TPG. “China is on its way to becoming one of the most important world markets and it is key for TPG to have an early presence to understand its needs and requirements,” said Roberto Rossi, managing director of TPG’s TNT Logistics. SAIC is China’s largest automotive manufacturing company and employs more than 60,000 people in vehicle and parts production. Through joint ventures with General Motors and Volkswagen, the company produces about 250,000 automobiles a year.

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China Post Marches to Logistic Industry

Posted by | Sep 27, 2001 | |

CHINA, Sep 26, 2001 (AsiaPort via COMTEX) — The State Postal Bureau (China Post) needs to restructure management systems and business operations in order to become a modern logistics provider, industry experts say.

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