Law Drafting Goes Postal

Another day, another draft law. This time it is for the (eighth draft of the) Postal Law (via FT) and, as usual, there is plenty of feedback in the market suggesting that it would create:

“unfair competition violate trade agreements and destroy non-state businesses employing hundreds of thousands of people”.

It is reported that the law would give China Post a “total monopoly over deliveries of parcels weighing less than 150g, which account for more than 90 per cent of the intra-city business of private delivery companies”. In addition, it is thought that it would prevent foreign and private firms from handling business from online retailers. Other measures are also thought to benefit China Post, with tightening of “licensing controls and compulsory payments to subsidise universal postal services”.