FedEx cuts China domestic express rates in half

EXPRESS industry giant FedEx has cut its domestic express delivery charges in China by half from October 15, Xinhua reported.

After the price reduction which is applicable to Beijing, Shanghai, Guangzhou, Shenzhen and Dongguan, FedEx's rates are lowered to the same level as the state-owned China Post's EMS service (Express Mail Service).

For example, the charge for FedEx's next morning delivery from Beijing to Shanghai which used to be CNY135.00 (US$17.97) is now CNY60.

The starting price for EMS' next morning delivery is CNY60. At present, most of the private express providers in China are not able to offer time-definite service, the report added.