111.9 trillion, 16.3% … Strong support! A number of growth data reflect the strong momentum of China’s economy

　　CCTV News:On May 29th, China Federation of Logistics and Purchasing announced 1-mdash in 2024; Logistics operation data in April. As the macro-policy effect continues to appear, the national economy continues to rise to a good trend, the total social logistics volume continues to recover, and the growth rate has accelerated.

　　1— In April, the total social logistics in China was 111.9 trillion yuan, up 6.1% year-on-year, and the growth rate was 0.2 percentage points faster than that in the first quarter. In April, it increased by 6.6% year-on-year, 2.2 percentage points higher than that in March.

　　Liu Yuhang, director of China Logistics Information Center, introduced from 1— Judging from the operation of social logistics in April, it continued the previous recovery trend and the foundation was further stabilized. Especially in the industrial sector, the growth rate of logistics demand is obvious.

　　1— In April, the total logistics volume of industrial products increased by 5.8% compared with the previous year, 0.2 percentage points higher than that in the first quarter. In April, the total logistics volume of industrial products increased by 6.3% year-on-year, and the growth rate was 1.8 percentage points faster than that in March.

　　The total logistics volume of more than 80% industries has rebounded, especially the supporting role of logistics demand of some export-oriented industries has been enhanced. In April, the total logistics volume of automobile manufacturing, communication and other electronic equipment manufacturing, and ship and other transportation equipment manufacturing increased by 16.3%, 15.6% and 13.2% respectively year-on-year, and the growth rate was 6.9, 5.0 and 4.6 percentage points higher than that of last month, respectively. The overall supporting role of equipment manufacturing in logistics demand remained strong.

　　In April, the growth rate of import logistics increased significantly from negative to positive.

　　From the perspective of import logistics, the growth rate of total import logistics has accelerated. In April, the volume of imported logistics rebounded significantly, from the negative growth in the previous month to the year-on-year growth of more than 10%.

　　1— In April, the total import logistics volume increased by 6.8% year-on-year, and the growth rate was 1.3 percentage points higher than that in the first quarter. In April, the volume of imported logistics changed from a decrease of 0.4% in the previous month to an increase of 10.8%, with an obvious rebound.

　　From the composition of imported products, driven by the growth of manufacturing logistics demand, in April, the import logistics volume of integrated circuits, diodes and semiconductor devices increased by 20.2% and 15.7% year-on-year, and the import logistics upgrade trend was obvious.

　　Liu Yuhang introduced that the import logistics demand around transistors and semiconductor devices is increasing obviously, which shows that the logistics demand of the whole domestic industrial upgrading and high-end manufacturing sector is in a relatively good growth state.

　　Logistics demand in the production and circulation of consumer goods continues to increase.

　　People’s livelihood consumption field, 1— In April, the logistics of goods between units and residents increased by 11.0% year-on-year. Online retail sales of physical goods increased by 11.1% year-on-year, accounting for 23.9% of the total retail sales of social consumer goods, accounting for 1-mdash; In March, it increased by 0.6 percentage points, indicating that the logistics demand in the fields of consumer goods production, circulation and express delivery continued to grow.

　　The vitality of rural e-commerce logistics market is still strong. In April, the index of rural e-commerce logistics business volume was 127.9 points, 0.2 points higher than last month and more than 25% higher than the same period in 2023.

　　Wang Xifu, a professor at the Department of Logistics Engineering, School of Transportation, Beijing Jiaotong University, said that the demand for high-end, lean and branded fresh agricultural products in the field of consumer logistics is gradually increasing. Many agricultural products logistics enterprises have now established a three-level distribution network, which can realize the "seamless docking" of agricultural products from the place of origin to the consumers, significantly improving efficiency and reducing costs.

　　Imports of manufacturing intermediate goods increased by 10% in the first four months.

　　At the beginning of May, the General Administration of Customs announced the import and export data of China’s foreign trade in the first four months of 2024. In the first four months of 2024, the total import and export value of China’s goods trade was 13.81 trillion yuan, up 5.7% year-on-year, among which imports continued to improve. The continuous improvement of domestic production has accelerated the import of related products, especially the import of bulk commodities such as energy and ore, which guarantee domestic production and life.

　　Customs statistics show that in the first four months of 2024, China imported 6 trillion yuan, an increase of 6.8%. Among them, the import of manufacturing intermediate goods was 2.89 trillion yuan, up by 10%, accounting for 48.2% of the total import value.

　　Intermediate goods and intermediate goods trade

　　What is an intermediate? According to the United Nations classification standards, international goods are divided into three categories: capital goods, intermediate goods and consumer goods. Among them, intermediate products include raw materials, semi-finished products, spare parts, etc. They are used to produce other goods and services, and are the products that have the closest cooperation with international industrial chains and supply chains. Economic globalization has formed a system of industrial division of labor among countries, and the trade in intermediate goods has accounted for more than half of global trade.

　　China’s foreign trade has been ranked as the largest exporter of intermediate goods in the world for 12 consecutive years, and the import of intermediate goods accounts for 80% of our country’s imports. Experts said that intermediate goods and manufacturing are closely linked, and China’s continuous expansion of intermediate goods imports is a driving force for global economic growth, and expanding intermediate goods trade will further give play to the advantages of China’s manufacturing industry.

　　In the first four months, the scale of ship export ranked first in China.

　　In the first four months of 2024, China’s foreign trade exports, automobiles, ships, mechanical and electrical products and other high value-added products, continued to maintain the growth momentum. Jiangsu is the largest marine industry province in China, with 80% marine manufacturing enterprises in Jiangsu province, which starts from Qidong in Nantong in the east and reaches Yizheng in Yangzhou in the west.

　　According to the statistics of Nanjing Customs, in the first four months of 2024, Jiangsu Province exported 34.83 billion yuan of all kinds of ships, ranking first in the country in terms of export scale, with a year-on-year increase of 90.3%, accounting for 34.7% of the total value of ship exports in the same period. Among them, container ships and tankers exported 17.43 billion yuan and 3.43 billion yuan respectively, with exports increasing by 1.9 times and 1.1 times respectively.