SHANGHAI, October 10, 2018 – UPS (NYSE:UPS) today announced new service enhancements across eight cities in China to provide export manufacturers with stronger connectivity to the global market. The improvements are part of UPS’s multi-year plan for China, with the current round of enhanced services focusing on second and third tier cities, which comprise 59 percent of country’s GDP and 73 percent of its population1.
“As China shifts its focus from a manufacturing-heavy economic model to a services-led one, some manufacturing industries have migrated from top-tier cities to second and third tier ones due to the increasing costs of labor and operations,” said Harld Peters, President of UPS China. “UPS’s service enhancements fulfill the growing needs of export manufacturers located in the lower-tier cities, such as Nantong, which has seen its GDP grow from RMB 455.8 billion in 2012 to RMB 773.4 billion in 20172.”
Most recent enhancements impact customers in Zhongshan, Zhuhai, Jiangmen, Quanzhou, Jiaxing, Wenzhou, Shaoxing, Nantong, and the surrounding areas of these eight cities, who now benefit from the following improvements:
2018 marks the 30th anniversary of UPS operations in China. Over the past three decades, UPS has focused on enabling the success of Chinese businesses by anticipating shifts in the global and Chinese economies, as Chinese manufacturing transforms from a labor-intensive manufacturing model to a capital-intensive, innovation-driven Made in China 2.0 economy.
“China’s reform and opening up over the past four decades and the Belt and Road initiative have demonstrated the country’s commitment to facilitating global economic integration and economic growth; the 7.9 percent year-on-year increase in China's total import and export value3 in the first half of 2018 reinforces China’s potential as a major trading power,” Peters added. “We are very optimistic about China’s long-term growth opportunities and will continue to invest in this market.”
Earlier this year, UPS also launched UPS Worldwide Express FreightTM Midday, and expanded its UPS Worldwide ExpressTM package service in 57 countries and territories. As industries in China continue to transform, UPS remains committed to providing faster, flexible and more efficient solutions for businesses of all shapes and sizes.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_Asia on Twitter, UPS 中国动态 on WeChat, and UPS中国 on Sina Weibo.
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