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

share-iconWednesday, January 08 comment-icon2 weeks ago 5 views
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China's logistics sector achieves record-breaking year as industry thrives in 2024

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.

For more details, read the original article here.

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Logistics Courier industry E-commerce Parcel delivery China economy
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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