China's logistics sector achieves record-breaking year as industry thrives in 2024

Economy

1 year ago

News sources:

Credited from: SCMP

China's courier industry achieved its busiest year, with 174.5 billion parcels delivered in 2024, a 21% increase from the previous year.
The total revenue for courier services rose to 1.4 trillion yuan (approximately US$191.2 billion), reflecting a robust market driven by e-commerce.
China remains the world's largest parcel delivery market for 11 consecutive years, exceeding the US in parcel volume for 2024.
Government growth estimates project 190 billion parcels and 1.5 trillion yuan in revenue by 2025, highlighting the sector's regional and international importance.
With plans for continued expansion, initiatives like the "one station per village" program aim to enhance rural logistics infrastructure.