China's express delivery volume totaled 80.16 billion pieces in the first half of this year, a year-on-year increase of 23.1 percent, the State Post Bureau reported on Monday.
In the first half of the year, the total volume of intra-city express delivery business was 7.42 billion pieces, a year-on-year increase of 20.6 percent, according to the Bureau's data. The total volume of inter-city express delivery business reached 71.09 billion pieces, a year-on-year increase of 23.4 percent, and the total volume of international/Hong Kong, Macao and Taiwan express delivery business was 1.65 billion pieces, a year-on-year increase of 21 percent.
In the first six months, the postal industry's business income (excluding the direct operating income of the Postal Savings Bank) totaled 806.36 billion yuan (about 111 billion U.S. dollars), a year-on-year increase of 10.6 percent. Among them, the business income from express delivery totaled 653 billion yuan (about 89.9 billion U.S. dollars), a year-on-year increase of 15.1 percent.
In the first half of the year, the proportion of express delivery business handled in the eastern, central and western Chinese regions was 73, 18.5 and 8.5 percent respectively. Compared with the same period last year, the proportion of express delivery business in the eastern region dropped by 2.2 percentage points, while the proportion of express delivery business in the central and western regions increased by 1.3 and 0.9 percentage points respectively.
China's express delivery grows 23.1 pct in H1
The fresh U.S. tariff policy represents protectionism which bucks the trend of the world economy and is bound to pose risks to the United States itself, a Japanese economist said on Saturday.
Hidetoshi Tashiro, chief economist at Japan's Infinity LLC, said Japan's pillar automobile industry will by definition bear the brunt of the U.S. reciprocal tariffs and tariffs on automobiles, with some companies even facing a life-or-death crisis.
However, the expert believes that the U.S. tariff policy will also worsen inflation in the United States and have a negative effect on global trade.
"This tariff policy will only add fuel to the fire, rather than extinguishing it. In the current environment of severe high prices in the U.S., the life of U.S. citizens will become even more difficult. Moreover, under the impact of this tariff policy, global trade volume will clearly shrink. The production of exported goods from various countries will decrease. This tariff policy is completely unreasonable for the development of the global economy, and even for the development of the U.S. economy itself," he said.
The expert believes that the U.S. trade protectionism is at odds with global economic trends.
"The U.S. is no longer engaging in free trade at all, or we can even say it is undermining free trade. It’s not just protectionism, it’s essentially destroying free trade. The United States is disconnecting from the world economy, and this is a very serious issue," said the economist.
US new tariff policy bucks global trend, harms itself: Japanese economist
