China's courier sector estimated to handle over 75b parcels in 2020

China's courier sector is expected to handle over 75 billion parcels this year, the State Post Bureau said Thursday.

The country's express delivery firms have handled 50 billion parcels as of Thursday, accounting for about 200 million packages daily on an average, the bureau said.

Due to COVID-19, the sector saw dampened business in January but resumed growth in February. In the second quarter, along with work resumption, the growth rate of the sector hit more than 30 percent.

The year-on-year growth of the courier sector exceeded 40 percent in May, a record high since February 2018, the bureau said.