China's post service business revenue stood at 93 billion yuan
(12.9 billion U.S. dollars) in 2007, up 16 percent year on year,
Xinhua learned Friday from a work conference of the Chinese State
Post Bureau.
"The year of 2007 was the fastest growing year of the country's
post industry and the China Post Group saw robust growth of postal,
financial and express services," said Ma Junsheng, director of the
bureau at the conference.
The development goal for the country's post industry in 2008
includes increasing the total business revenue to 106.5 billion
yuan, improving the express service qualities and establishing a
post service quality appraisal system.
Ma said the country was scheduled to help every village in the
country to have access to post services in 2008.
In 1998, China carried out the reform to separate postal and
telecommunications businesses from each other nationwide, and in
2005 the government carried out further reforms to separate
administration from business operation in the postal sector.
Under the new postal system, postal enterprises operate
independently while administrative departments supervise the
industry according to law.
In January 2007, the restructured State Post Bureau and the
China Post Group had officially started operation. By September 4
last year, all postal businesses at the provincial level had been
separated from administrative functions.
(Xinhua News Agency January 26, 2008)
