“The Chinese government’s cabinet has pledged to move toward internationalizing the country’s package delivery industry, signaling new profit potential for United Parcel Service and FedEx as China’s retail sector shifts to online shopping.  The parcel delivery business will be ‘fully opened up’ to ‘create a fair and competitive business environment in which domestic and foreign-financed enterprises receive equal treatment,’ according to a summary of the State Council decision posted late Wednesday on a government Web site. The government is promoting online shopping as a key way to expand the economy’s consumer sector and cut China’s dependency on exports.”

http://www.thestreet.com/story/12891350/1/ups-and-fedex-just-got-a-major-boost-in-the-chinese-market.html

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