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A government policy to improve the pay and working conditions of delivery personnel was described as an embodiment of President Xi Jinping's love for the "delivery brothers." (Source photos by Xinhua/AP and AP) 
Business Spotlight

Xi policy eases price war among China's parcel delivery services

Companies can no longer cut wages to subsidize grab for market share

KENJI KAWASE, Nikkei Asia chief business news correspondent | China

HONG KONG -- The harsh price war in the fast-growing Chinese express delivery sector is showing signs of tapering, with government policy heavily influenced by President Xi Jinping's dictum of "common prosperity" among the factors that seem to have played a role.

Express delivery services have grown exponentially in the last decade, rising hand in hand with China's flourishing e-commerce business. The number of delivered parcels has increased by 35.6 times since 2010, creating a business with annual revenue over $100 billion.

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