Chinese couriers report strong Q1 growth

BEIJING (Xinhua) – China’s courier sector experienced strong growth in the first quarter of 2019, official data showed.

The sector’s combined revenue stood at 154.3 billion yuan (about USD23 billion), up 21.4 per cent year on year, according to data from the State Post Bureau (SPB).

A total of 12.15 billion parcels were handled during the period, up 22.5 per cent from a year ago.

In March alone, 4.86 billion parcels were delivered, generating total revenue of 59.6 billion yuan, up 23 per cent, the SPB said.

The surge was partly due to strong growth in China’s online consumption. In the first two months, online retail sales of consumer goods rose 13.6 per cent, faster than the 8.2 per cent increase in total retail sales.

Head of a local Cainiao Network Station Zhang Xin transfers parcels in Taiyuan, north China’s Shanxi Province. – XINHUA