Despite a slowing economy, China remains gripped by an online shopping craze that delivers a mountain of parcels every day.
The unstoppable rise of ecommerce has been enabled by logistics giants such as ZTO Express (Cayman) Inc. (2057.HK; ZTO.US), the company that handled the biggest volume of Chinese packages last year.
Since then, government policies to stimulate consumer spending have helped to power the ecommerce juggernaut, pushing the annual number of express parcels past the 150 billion mark this year, according to official Chinese statistics. Only a decade ago the industry was celebrating a much lesser milestone of delivering more than 10 billion items in a year.
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