China Bans Foreign Invest In Local Express Mail Operating

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 24, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    China Bans Foreign Invest In Local Express Mail Operating - Smart Money

    Foreign companies will continue to be barred from delivering express letters in China's domestic market based on a new law approved Friday, despite years of lobbying by major global express-delivery companies to lift the restrictions.

    Companies such as FedEx Corp.(FDX) and United Parcel Service Inc.(UPS) have been lobbying Beijing for years as it worked on the new law governing mail delivery, arguing the restriction prevents them from competing in the country's rapidly expanding market for delivering documents.