China’s postal industry maintained robust expansion in 2020, with business volumes and revenues rising, data from the State Post Bureau shows.
In 2020, the industry’s business volume soared 29.7 percent year on year to 2.11 trillion yuan (about 326.46 billion U.S. dollars), and its revenues rose to 1.1 trillion yuan, up 14.5 percent year on year, according to the bureau.
Data also shows that courier companies handled a total of 83.36 billion packages in 2020, surging 31.2 percent year on year. Their revenues jumped 17.3 percent year on year to 879.54 billion yuan.
China’s postal industry has been on the fast track in recent years as e-commerce activities continue to fuel the sector’s growth.