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Home / Biz updates

CIFTIS, new engine for express services industry

Updated: 2014-05-28 /By Huang Tiantian (chinadaily.com.cn)
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Every time has its heroes. The rapid development of the e-commerce industry is not a one-off player, but has also led to the development of related industries, the logistic express industry being one of these.

China's logistic express industry has delivered 9.19 billion articles, with an average growth rate of 43.5 percent over five consecutive years, and has become the second largest business in the world; its maximum daily processing volume exceeds 65 million.

The employees of the logistic express industry have exceeded 100 million people, and provide more than 100,000 job opportunities each year; and they also give a direct service to 50 million consumers per day.

In the increasing development of e-commerce, the logistics service is also trying to find a direction for its diversification development. The China Beijing International Fair For Trade In Services (CIFTIS) will achieve the integration of e-commerce, manufacturing, financial services, air transportation and other related industries, and will help to push the express industry to deeply enter the industry production chain, supply chain and service chain. 

"The logistics express sector achieved 25 billion yuan of contract value in the first two CIFTIS exhibitions, and the contract amount of this year will have been worth the wait," the CIFTIS official said. "The CIFTIS has become the new engine for developing China's express delivery service."

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