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FedEx cites growth of express delivery business in China (Manila Bulletin via Yahoo! Philippines News)

HONG KONG (Dow Jones) – FedEx Corp. said its express parcel delivery business in China continues to gain market share, but competition with local rivals remains very tough. The company is seeing ”good growth” in its business in China, which it launched in 2007, David Cunningham Jr., Asia-Pacific president of FedEx’s core express segment, told Dow Jones Newswires on Thursday. He said FedEx’s …

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