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BIZCHINA / Center
China's postal business volume exceeds 80b yuan
(Xinhua)
Updated: 2007-09-17 15:28
China's post service business has witnessed an 11.6 percent average
annual growth to exceed 80 billion yuan (US$10.64 billion) since the
sector was separated from telecommunications business in 1998, according
to a senior postal official.
Ma Junsheng, director of the State Post Bureau, told a Sino-US seminar on
postal reforms and express delivery on Monday that the business volume of
express delivery in China had reached 30 billion yuan, with more than
2,400 express service companies.
In 1998, China carried out the reform to separate postal and
telecommunications businesses in the whole country, and in 2005 the
government carried out further reforms to separate administration from
business operation in the postal sector.
Under the new postal system, postal enterprises operate independently
while administrative departments supervise the industry according to law,
Ma said.
On January 29 this year, Ma said, the restructured State Post Bureau and
the China Post Group had officially started operation. By September 4,
all postal businesses at the provincial level have been separated from
administrative functions.
(For more biz stories, please visit Industry Updates)
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