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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 - Faw-Volkswagen will recall 23 imported Audi vehicles in the Chinese mainland due to problematic airbag system, China's quality supervisor has said.
BEIJING - China's securitization market is providing an increasing share of debt funding for the Chinese economy, according to a report released by global credit rating agency Moody's.
BEIJING - China-US trade frictions did have an impact on China's capital markets, but the impact has been generally controllable, according to China's top securities regulator.
BEIJING - China's photovoltaic power facilities generated 21.4 billion kilowatt-hours (kWh) of electricity in the first quarter, up 80 percent year on year, new data showed Thursday.
来源：资阳报