Rivals fret as China Post unveils fast delivery bid
Foreign express freight operators on the mainland have voiced fair-play concerns over a new service launched by China Post to try to regain lost market share. China Post lost its monopoly under World Trade Organisation competition rules which allowed foreign companies access to the mainland market two years ago. China Post’s share of the burgeoning express delivery market has slumped from 97 per cent to under 40 per cent in the face of competition from DHL, FedEx, UPS and TNT. Now China Post is fighting back with a new all-night freight service between 136 cities in 27 provinces.
Read More
