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BEIJING - Chinese couriers' global networks are growing, helping overseas buyers receive products from China faster. SF Express recently announced it was teaming up with UPS. Each firm has committed to investing million in the joint venture. Lin Zheying, SF Holding vice president, said the company's international business is booming, with revenue nearing 2 billion yuan (4 million) last year. The company's own delivery network includes 51 countries and regions. The new partnership means it can now reach almost every country in the world. The surge of businesses concerning Belt and Road countries is most prominent, Lin said. It handles about 200,000 parcels a day to Russia, about 20 times the volume in 2014. Khisamutdinov Maxim, who works for SF Express international department, said deliveries to Russia had been reduced to seven days from 30. YTO Express, backed by Alibaba, also recently announced a global parcel alliance featuring couriers in 25 countries and regions. This came after the company spent over 1 billion HK dollars on a majority stake in Hong Kong-listed On Time Logistics, which does air freight forwarding business in Asia, Europe and North America. YTO Express says it aims to become a world leading logistic service provider in a market dominated by DHL, UPS, and FedEx.

BEIJING - Chinese e-commerce giant Alibaba created over 36.8 million jobs last year via its expansive retail ecosystem, a report showed.

BEIJING - China's farm produce prices slightly recovered in the week ending July 15, reversing the downward trend for five consecutive weeks, according to data from the Ministry of Commerce.

BEIJING - Lai Xiaomin, board chairman of China Huarong Asset Management Co. Ltd., was investigated for graft, the country's top disciplinary inspection agency said Tuesday.

BEIJING - China will do more in implementing the innovation-driven development strategy, and keep on making the Chinese economy more innovative and competitive, Premier Li Keqiang said Monday when delivering a government work report at the annual parliamentary session.