China's courier sector achieves milestone delivery volume

China's courier sector saw its delivery volume exceed 100 billion parcels as of Tuesday, which is 71 days earlier than in 2023, with monthly average business volume and revenues hitting record highs, according to the State Post Bureau.

This milestone has come amid the ongoing expansion of the courier business, said the bureau. So far this year, the average monthly parcel volume has exceeded 13 billion, and the average monthly business income of the sector has topped 100 billion yuan (about 13.94 billion U.S. dollars).

The courier market is seeing accelerated growth in the central and western regions of the country, with improving industry-wide infrastructure, more efficient connection between the place of origin and the consumer market, better integrated cold-chain logistics and two-way flows of parcels in rural areas.

The latest data showed that the delivery volume in rural areas of China has gained a 10-fold increase in the past decade. So far China has built more than 1,200 county-level public delivery service centers and more than 300,000 village-level delivery logistics comprehensive service stations, forming a relatively complete rural delivery logistics system.

"We have stepped up the construction of delivery logistics system in rural areas and diversified the development of services. The convenient and efficient delivery service network has gradually become an important channel to promote the circulation of urban and rural products. As China’s economy continues to pick up and consumer demand remains strong, the express delivery industry has actively tapped into new fields such as factory services, tourism services, and event services, with the market size expanding steadily. The progress highlights the prosperity and vitality of China's express delivery market and the continuous improvement of development quality and efficiency, and moreover shows the vitality and resilience of China's economy," said Wang Yuehan, an official with the bureau.

China's courier sector achieves milestone delivery volume

China's courier sector achieves milestone delivery volume

⁠⁠⁠⁠⁠⁠⁠China's foreign investment policies are empowering biomedical enterprises to expand domestically and globally.

The China Council for the Promotion of International Trade (CCPIT) held a Foreign Invested Enterprises Tour of south China's Guangdong Province on Wednesday, presenting business opportunities as well as the country's consistent policies for further opening up in a world wracked by economic uncertainty. 

China continues to welcome foreign investment, and its biomedical sector, including pet healthcare, is set to grow and expand. 

Joey Yeo is among hundreds of international business leaders on the tour. As the founder of two pet healthcare startups in Shanghai, Joey leverages China's pro-foreign direct investment (FDI) measures. 

"I think the openness with the local government and the business district has been very fruitful," said Yeo, CEO of HEAL Management Group.

With streamlined approvals and regulatory guidance, Yeo's company plans to scale operations across multiple cities. 

"Not just Shanghai, but we used to see other cities as well coming to us and asking us, giving us more opportunities and more understanding how we can actually set a bigger landscape," he said. 

Yeo's story reflects broader trends - China's FDI policies have reduced entry barriers, while banks like Bank of East Asia (BEA) offer tailored financial solutions. 

"I don't think any multinational company or foreign investors can ignore the huge market capacity, the huge potential of greater China. So we are going through the fintech transformation and by adapting AI, big data, block chains - those kind of technology, we can better help those SMEs in need," said Bi Mingqiang, CEO of BEA(China).

As China prioritizes openness, biomedical firms and financial institutions are forging a symbiotic growth model, proving resilient in a fragmented global economy.

Biomedical companies thrive under China's FDI policies