US firms gain broader access to China express delivery market

The State Postal Bureau (SPB) announced Friday that two US-based multinational logistics companies, Federal Express Corp (FedEx) and United Parcel Service of America Inc (UPS), have been granted access to China’s domestic express delivery market, in a move to fulfill the country’s WTO obligations.

FedEx has won approval to conduct express delivery business, except letter delivery, into eight cities including Shanghai and Central China’s Zhengzhou, while UPS gained similar access to five cities, including Shanghai, Tianjin and Guangzhou, the SPB said.

Read more: US firms gain broader access – Globaltimes.cn.