China Post's Changes 'Aimed at Competing with Private Companies'

(Beijing) – The State Council has approved a plan for the state-owned post office to restructure its management – a move one expert says could help the behemoth compete with the country's many private delivery firms.

The plan will see China Post Group cancel the registrations of 31 postal companies – one in each of the country's provinces, autonomous regions and municipalities – and transform them into branches, the State Administration for Industry and Commerce said in a notice on April 29.