China Official: Foreign Cos Barred From Express Letter Operations
24 April 2009 - 1:50PM
Dow Jones News
Foreign companies will continue to be barred from delivering
express letters in China's domestic market, Wang Yuci, vice
director of the State Post Bureau, said Friday.
Foreign companies will be limited to sending express packages
domestically, and may only send express letters internationally,
Wang told Dow Jones Newswires on the sidelines of a press
briefing.
State media reported earlier Friday that Chinese lawmakers have
approved revisions to the country's legislation on postal services.
China has been expected to maintain a ban on domestic express
letter delivery by foreign companies.
Companies such as FedEx Corp.(FDX) and United Parcel Service
Inc.(UPS) have been lobbying Beijing for years to lift the
restrictions.
China's express delivery business had revenue of more than CNY10
billion in the first quarter, more than a third of the country's
total postal revenue of CNY25.96 billion, according to latest data
from the State Post Bureau.
-Liu Li contributed to this story, Dow Jones Newswires; (8610)
6588-5848; li.liu@dowjones.com