Caixin
Aug 14, 2018 03:30 AM
BUSINESS & TECH

PBOC Highlights Challenges for E-Commerce, Delivery Sectors

More than 22 billion packages were delivered in the first six months of 2018. Photo: VCG
More than 22 billion packages were delivered in the first six months of 2018. Photo: VCG

China’s e-commerce and package delivery sectors face a saturated market, rising costs and a squeeze on margins, the central bank concluded in a recent policy report.

This was the first time the People’s Bank of China (PBOC) included e-commerce and package delivery sectors in its quarterly monetary policy implementation report, reflecting the increasing contribution of e-commerce to the economy.

During the first half of 2018, China’s online retail sales grew by 30.1% to 4.08 trillion yuan ($595.8 billion), much faster than the overall growth of retail sales, according to the PBOC.

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