Business and Economy
Express delivery surges in H1
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BEIJING — Chinese express delivery services boomed in the first half of 2015 fueled by online shopping despite a slowdown in the wider economy, new data showed.
The business volume of express delivery and postal services rose by 43.
3 percent and 32.1 percent year on year in the Jan.-June period respectively, outpacing the overall economy, the State Post Bureau (SPB) said on Thursday.
The eye-catching performance came as Chinese consumers increasingly fall in love with online shopping and policymakers hope growing online retail will help revive domestic consumption.
With the stellar growth rates, the express delivery sector led the tertiary industry and was a bright spot in the slowing economy.
China has started to develop the consumption and service sector into economic engines, creating good conditions for express delivery to develop, said Feng Lihu, deputy chief of the SPB Development and Research Center.
