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UPS, Fedex get approval for express services in more Chinese cities

After years of waiting, United Parcel Service Inc (UPS) and FedEx Corp have received licences in China to extend domestic express package services to Beijing and other cities without needing joint-venture partners. "We now have 33 licenses," UPS President of Global Public Affairs Laura Lane told Reuters. "The government just approved them in May," Lane said, referring to UPS's latest 14 licenses …

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