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Oct 10, 2016

China Post Group Corporation * China: Profits, increase of 12.6 percent

* Beijing - China Post delivers top profits for 2nd straight year

--- China's state-owned mail service operator has outperformed its global counterparts in profits for two years in a row... The China Post Group Corporation raked in over 32 billion yuan (4.8 billion U.S. dollars) in profits in 2015 with a year-on-year increase of 12.6 percent... Its revenues gained 8.1 percent to reach 437.6 billion yuan, second in the world... China is home to the world's fastest growing postal market, with postal and delivery services leading the growth in the service sector, said Ma Junsheng, head of the State Post Bureau... China has achieved solid progress in re-balancing its economic structure from manufacturing and investment to services and consumption, with the service sector growing 7.5 percent in the first half of the year, accounting for 54.1 percent of the overall economy... 
(Photo: China Post's delivery trucks) -- Beijing, China - Xinhua - 9 Oct 2016

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