Wednesday , March 22 2023

China's supply sector records revenue of $ 69 billion


China's supply sector records revenue of $ 69 billion

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In the first 10 months of this year, revenues from China's gears grew 23.5 percent year-on-year to 478 billion yuan ($ 68.9 billion).

The number of shipments exceeded 39.4 billion in China and abroad, the state news agency Xinhua reported on Sunday.

Revenues from the supply sector increased by 19.6 percent to 53.42 billion yuan (7.8 billion dollars) last month, a slight increase faster than in September by 18.5 percent.

The number of courier service offerings last month reached 4.69 billion, an increase of 1.1% over the previous month.

In the first ten months of this year, cross-border delivery services increased by 38.4%, reaching 880 million deliveries.

In China, Alibaba, one of the world's largest online retailers, generated a net profit of $ 2.4 billion in 2017.


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