ENLARGED BUSINESSES AND DIVERSIFIED SERVICES
Riding
the waves of information technology and economic globalization, the postal
service industry of China has sped of commercialization and industrialization of
its resources and services .By restructuring the industrial been in before. Through
competing in the market, offering new instruments and cultivating new business
needs ,all the operators on the line are dong their best of channel for
information ,financial tools, and material commodities.
While maintaining its tradition businesses such as mail, parcels, remittances and telegraphs, these operation players have actively diversified there services include EMS, postal savings account, sales of stamps and collectibles, E-mail and others. Meeting the market and client needs, they are offering services such as bulk commercials, New Year postcards (with a lottery awarding system), business namecards, and a "packaged service" ranging from the design, print, envelopment and delivery of direct sales letters. They are also carrying mail order, point-to-point shipment, hand-over parcels, and delivery of fresh gift flowers. While facilitating more convenient services to customers, all have brought about excellent social and economic benefits.
As a consequence of their efforts, the operational revenues of 1998 scored up to RMB28.7billion Yuan. Of all the businesses and services, stamp sales, postal savings and EMS have proved the fastest growth segments, accounting for 47%,14% and 8.2% of the total revenue respectively ,with the sum of the three making up 69.2% of the entire earnings.
Internationally, businesses have been developing fast and region, and E-mail services with 40 countries and regions over telecom fax networks. China started international remittances in 1992,express international cash delivery services in 1995,and special international express services and consignee-paying service in 1997.And an international commercial acknowledgement of receipt service has long become part of the regular business. With these service diversification efforts, China's postal service has earned its honors and reputation in the fierce competition of the world's postal and telecom markets.
