| 10/16/2007 - Chinese Courier Market Expected to Grow Rapidly |
Courier services in China will become a new growth point in cargo transport, according to new research completed by CCID Consulting, China`s leading research, consulting and IT outsourcing service provider.
Courier services are expected to increase relatively rapidly in the next five years, except for document delivery, which will decrease due to the popularity of "courier" delivery through the Internet. World air cargo transport will increase 6 percent in the next 10-20 years, while courier services will increase twice as much, that is, 12 percent. Courier services in the Asia-Pacific region, however, will increase by a minimum of 18 percent annually. China`s courier market is currently equivalent to the added European markets and is expected to show the highest market increase at 36 percent. Currently 390,000 foreign enterprises and more than one million Chinese enterprises need to communicate on a daily basis, the majority of whom have foreign trade documents, international payments, and transfers completed by international courier. Most experts predict that the compound growth rate of China`s international courier service will reach 30 percent over the next five years.
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