2023 data shows China's economic vitality on the rise

China's parcel delivery industry handles over 160 billion items in 2023

China's postal industry handled 162 billion deliveries, earning 1.5 trillion yuan ($209.78 billion) in revenue. This marked growth rates of 16.5 percent and 13.5 percent, respectively, according to the State Post Bureau of China on Tuesday.

The industry is expected to maintain steady growth in 2024. Postal deliveries are estimated to reach 171.5 billion with revenues of 1.6 trillion yuan, growing 6 percent.

Express deliveries are expected to hit 142.5 billion in volume and earn 1.3 trillion yuan in revenue, with growth rates of 8 percent.