CCTV News:Recently, a number of economic data have been released. The data show that in the first quarter, China’s industrial production rebounded, the profits of industrial enterprises continued to grow, foreign exchange market transactions remained active, the market scale of new energy vehicles continued to expand, and the number of people entering and leaving the country at many ports increased … … Data boost market confidence, consolidate the foundation of economic recovery, and promote China’s sustained economic recovery.
Profits of industrial enterprises above designated size continued to grow in the first quarter.
According to the data released by the National Bureau of Statistics on April 27th, with the increasing implementation of macro-portfolio policy, the market demand gradually improved, and industrial production rebounded. In the first quarter, the profits of industrial enterprises above designated size continued to grow, and the revenues of industrial enterprises continued to recover.
In the first quarter, the total profits of industrial enterprises above designated size nationwide reached 1,505.53 billion yuan, up 4.3% year-on-year, and the operating income reached 30.96 trillion yuan, up 2.3% year-on-year. The profits of industrial enterprises maintained growth, and the revenues of industrial enterprises continued to recover.
Nearly 70% of the industry profits have increased. In terms of categories, the profit of manufacturing industry changed from a decline in the previous year to an increase of 7.9%. Among them, the profit of high-tech manufacturing industry achieved rapid growth. In the first quarter, the profit of high-tech manufacturing industry decreased from the previous year to a year-on-year increase of 29.1%, which was 24.8 percentage points higher than that of industrial enterprises above designated size.
Equipment manufacturing industry plays the role of "ballast stone" for profit growth. In the first quarter, the profit of the equipment manufacturing industry increased by 18.0% year-on-year, and the growth rate was 13.9 percentage points faster than that of the previous year.
The profit of consumer goods manufacturing industry maintained rapid growth. With the in-depth implementation of the policy of expanding domestic demand and promoting consumption, consumer demand has been continuously released. In the first quarter, the profit of consumer goods manufacturing industry decreased from the previous year to a year-on-year increase of 10.9%, which strongly supported the profit recovery of industrial enterprises.
China’s foreign exchange market transactions remain active, and the market operates smoothly and orderly.
According to the latest data from the State Administration of Foreign Exchange, in March, China’s foreign exchange market totaled 3.47 trillion US dollars. 1— In March, China’s foreign exchange market totaled 9.32 trillion US dollars. China’s foreign exchange market transactions remain active and the market operates smoothly and orderly.
In March, the import and export scale of China’s international balance of payments trade in goods and services was 4,043 billion yuan, a year-on-year increase of 3%. Among them, the trade surplus of goods was 250.4 billion yuan and the trade deficit of services was 153.3 billion yuan.
In March, the import and export of goods and services in the balance of payments increased by 3% year-on-year
According to the data released by the State Administration of Foreign Exchange, in March, the import and export scale of China’s international balance of payments trade in goods and services was 4,043 billion yuan, a year-on-year increase of 3%. Among them, the export of goods was 1,855.6 billion yuan and the import was 1,605.3 billion yuan; The export of service trade was 214.4 billion yuan and the import was 367.7 billion yuan. In dollar terms, in March, China’s international balance of payments trade in goods and services was $291.6 billion in exports and $278 billion in imports, with a surplus of $13.7 billion.
The market scale of new energy vehicles in China continues to expand.
2024 auto china is being held. The head of China Association of Automobile Manufacturers said that in the first quarter of 2024, the production and sales of new energy vehicles in China increased by 28.2% and 31.8% respectively, and the automobile production capacity in China was not excessive.
According to the data of China Association of Automobile Manufacturers, in the first quarter of 2024, the production and sales of new energy vehicles in China reached 2.115 million and 2.09 million respectively, up by 28.2% and 31.8% year-on-year, with a market share of 31.1%, and the market scale continued to expand.
Fu Bingfeng, executive vice president of China Automobile Industry Association, said that from the general law of the global automobile industry, it is reasonable for the automobile capacity utilization rate to be 70% to 90%, and there is no excess capacity in China automobile industry.
Fu Bingfeng said that with the popularization of electric vehicles, the capacity utilization rate of fuel vehicles will definitely decline accordingly. Many enterprises have realized this change and started to transform the original fuel vehicle production line, which is becoming a true portrayal of the transformation of old and new kinetic energy in China automobile industry. Whether it is production line construction, capacity release or market development, it is a necessary process to adapt to the transformation of electrification.
The rapid development of new energy automobile industry in China promotes the transformation and upgrading of China automobile industry, and at the same time, it has a positive impact on the global automobile industry. Recently, Chery Automobile announced that it will set up a joint venture in Barcelona, Spain, and cooperate with the local authorities to develop new electric vehicle products. BYD’s latest financial report revealed that it will set up a factory in Mexico. At the same time, the technological innovation and cost advantage of China’s new energy automobile industry have also promoted the competition and progress of the global new energy automobile market.
China has formed a complete industrial ecology and is promoting the reconstruction of the global automobile industry chain.
The number of people entering and leaving many ports continues to climb, and the peak of cross-border travel during the May 1 holiday comes ahead of schedule.
The "May Day" holiday is approaching, and the land ports in Guangxi and Yunnan have ushered in the peak of inbound and outbound passenger flow in advance.
As the holiday approaches, the number of Vietnamese citizens returning home to visit relatives and cross-border tourists between China and China is increasing. It is estimated that during the May 1 holiday, the number of inbound and outbound passengers at Dongxing Port in Guangxi will reach more than 140,000.
According to the data provided by Guangxi Border Inspection Station, during the May 1 holiday in 2024, there will be more than 196,000 inbound and outbound passengers at Nanning, Youyiguan and Dongxing ports.
May 1 — On the 5th, Nanning Port plans to have about 44 direct flights to 12 cities, including Hong Kong, Macau, Manila, Philippines and Phnom Penh, Cambodia. It is predicted that the number of inbound and outbound passengers will exceed 11,000.
Friendship Pass in Pingxiang, Guangxi is one of the most convenient land routes from China to Vietnam. Its unique border customs and scenic spots in Hongguan attract many Chinese and foreign cross-border tourists. During the "May Day" holiday, it is estimated that the number of inbound and outbound passengers at Youyiguan Port will exceed 45,000, and the daily average is expected to be close to 10,000 during the peak period.
As the largest land port on the border between China and Myanmar, Ruili Port plays an important role as a bridge and link in the trade between China and Myanmar. The data shows that compared with the fourth quarter of 2023, in the first quarter of 2024, the inbound and outbound passenger flow at Ruili Port increased by 9.1% month-on-month, and the inbound and outbound means of transport increased by 1.6% month-on-month, and the average daily inbound and outbound passenger flow exceeded 12,000.
Hekou Port is the largest land port in Yunnan section of Sino-Vietnamese area. It is estimated that the number of people entering and leaving the country will exceed 70,000 during the May Day holiday in 2024.