“Big” economy in “small” package – Dainik Savera Times

In the past ten years, China’s express delivery volume has made a huge leap from tens of billions to hundreds of billions. China’s express delivery business volume accounts for more than 60% of the world’s total. “In less than five days, the car detector ordered online was delivered to your door.”

Spanish consumer Jose Rodriguez’s recent cross-border consumption experience left him surprised by the speed of Chinese express delivery. As an important part of the modern service industry, the volume of express delivery business is an important physical indicator for the observation of the Chinese economy.

What drives China’s express delivery industry to flourish? This is inseparable from the pull of the demand side, the “power” of the supply side, and the strong support of intermediate channels. More than 1.4 billion Chinese people constitute the world’s largest potential consumer market. On an average 35 crore packages are prepared every day –

This is the current scale of China’s express delivery industry. In 2023, China’s consumption expenditure contributed 82.5% to economic growth, increasing economic growth by 4.2 percentage points. At present, the number of netizens in China exceeds 1 billion, and online retail sales of physical goods account for 27.6% of the total retail sales of consumer goods, or about one third.

The supply side, quick delivery is all about customer experience and satisfaction. Currently, China is the only country in the world that has all industrial categories in the United Nations Industrial Classification. Strong industrial supporting capabilities and supply chain advantages provide a strong guarantee for the production speed and response of Chinese companies.

The man in charge of a clothing and hat factory in Richao city, Shandong province said his entire process from receiving patterns from foreign customers to sending out samples could be handled within 24 hours. The rise of cross-border e-commerce has made Chinese products increasingly popular overseas.

That is why in 2023, against the background of weak or even declining international trade, China’s cross-border e-commerce exports reversed the trend and grew by 19.6%. This momentum is also reflected in China’s express delivery business volume in 2023: International/Hong Kong, Macao and Taiwan express delivery business volume

increased by 52% year-on-year, which is 2.7 times the overall growth rate. Transportation infrastructure and logistics systems are like “blood vessels” to ensure the smooth flow of goods, between supply and demand. At present, China has built the world’s largest high-speed railway network, highway network and world-class port group,

This creates a vast network with a one-way length of over 48.7 lakh kilometres, over 2.3 lakh express service outlets and an average daily service of over 70 crore passengers. The small package economy reflects the vitality of China’s high-quality economic development.

(Courtesy-China Media Group, Beijing)