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China Express Delivery Index Up In July

CHINA PRESS

The China Express Delivery Development Index reached 393.9 in July, up 11.8% y/y, according to the State Post Bureau. Express deliveries hit 100 billion items 71 days faster than in 2023, underscoring consumer trends to increase online shopping especially during holidays and promotional seasons, said Fu Yifu, researcher at the Xingtu Financial Research Institute. Average monthly volumes have exceeded 13 billion items this year, with average monthly income over CNY100 billion, both historical highs, the bureau said. (Source: Securities Daily)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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