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China's express delivery sector1 has handled 50 billion parcels so far this year, the State Post Bureau (SPB) said on Friday.
中国国家邮政局周五表示,到目前为止2018年中国快递行业已经处理了500亿个包裹。
Boosted by booming e-commerce, the express delivery industry saw fast growth over the past few years, with the number of handled parcels increasing by 10 billion on average in each of the past three years, the bureau said.
China has topped the world's market for five consecutive2 years, surpassing the combined amount handled in developed economies including the United States, Japan, and Europe.
Feng Lihu, SPB's spokesman, said the express delivery sector supports an annual e-commerce sales of nearly 6.9 trillion yuan (1 trillion U.S. dollars), or over 19 percent of the country's retail3 sales, a new economic growth momentum4.
Seven express delivery companies have gone public, with annual revenues from one exceeding 100 billion yuan and four to five exceeding 50 billion yuan.
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