New postal law could restrict foreign firms

China may soon pass new laws governing postal services, raising concerns among foreign express-delivery firms that they will face restrictions on their services, the Wall Street Journal reported. The law, a draft of which was published last year, is expected to be passed when the meeting of the standing committee of the National People’s Congress ends on Friday. One article in the draft, which state media reports indicate has not been removed from the finalized version, forbids foreign companies from participating in the express delivery of letters. However, some Chinese legislators have indicated that the law would not impact the operations of foreign delivery companies. Under current laws, China Post, the national post office, has has monopoly on the delivery of letters.