1. Transportation and logistics sector boom reflects China's economic revival

 

Transportation and logistics are the "arteries" of national economic development and important support for ensuring people's livelihoods. Since the beginning of this year, China has continued to build its strength in transportation, significantly enhanced innovation in transportation technology, and deepened the green and low-carbon transformation. At the same time, China will strengthen industrial integration and upgrading, continuously expand its service network, further stabilize market expectations, boost development confidence, consolidate and build on the upward momentum, and promote a sustained overall improvement in economic operation.

 

2. Support platform enterprises to showcase their potentials

 

Recently, the officials of the National Development and Reform Commission emphasized supporting platform enterprises to showcase their potentials. The key to achieve that is to boost confidence and support innovation. It will foster a market-oriented and law-based business environment in keeping with international standards, and create development space for all business entities, including platform enterprises, through a set of stable and predictable policies and more reforms in delegating power, streamlining regulation and improving service.

 

3. Consolidate the foundation of distinctive rural industries

 

The rejuvenation of rural industry is the cornerstone and key to rural revitalization. It should have its own features, and only then can farmers  have a bright future for prosperity. Distinctive rural industries increase farmers' wealth and advance rural revitalization. Developing agriculture with local features is a must for adjusting China's agricultural structure, sharpening China's international competitiveness in agriculture, and increasing farmers' income.

 

 

1.The Cyberspace Administration of China and four other departments recently jointly issued the "Key Points for Digital Development in Rural Areas in 2023", proposing that by the end of 2023, the number of rural broadband access users will exceed 190 million, and the e-commerce sales of agricultural products will exceed RMB 580 billion.

 

2. The Ministry of Emergency Management of the People's Republic of China recently issued the "Criteria for Determining Major Accident Hazards in Industrial and Trade Enterprises", which specifies 64 major accident hazard situations in three aspects and will be implemented from May 15, 2023. Among them, the requirements for safety management of contracting and leasing units and certification of special operation personnel have been added.

 

 

1.Major economic indicators released by the National Bureau of Statistics showed that China's economy has gotten off to a good start this year. According to the preliminary estimates, GDP for the first quarter was RMB 28,499.7 billion, with a year-on-year growth of 4.5% at constant price.

 

2.Data from the Ministry of Finance showed that revenue in general public budgets nationwide totaled RMB 6234.1 billion in the first quarter of this year, up 0.5% year on year.

 

3.According to the National Bureau of Statistics, China's sold floor space of commercial buildings reached 299.46 million square meters, down 1.8% year on year, and the sales volume totaled RMB 3054.5 billion, up 4.1%.

 

4.Demand for China's air passenger transport made a quick recovery in the first quarter of this year, with a total passenger volume of 129 million trips, up 68.9% year on year, about 80% of the same period in 2019.

 

5.China's Standardization Development Report in 2022 showed that the Standardization Administration issued a total of 2,266 national standards, among which 82 were mandatory, 2,099 were recommended, and 85 were guiding technical documents.

 

6.China's power generation from industries above the designated scale reached 2.07 trillion kilowatt hours in the first quarter of this year, up 2.4% year on year, and the national electricity consumption increased by 3.6% year on year.

 

7.According to the Ministry of Industry and Information Technology, China's shipbuilding sector led the world in global market, with its output, new orders, and existing orders accounting for 43.5%, 62.9%, and 50.8% of the market share respectively, and 43.0%, 62.1%, and 45.3% respectively in terms of Compensated Gross Tonnage.

 

8.China's water infrastructure construction got off to a good start this year, with RMB 189.8 billion of water construction investment nationwide, a year-on-year increase of 76.2%, according to the Ministry of Water Resources.

 

9.China Express Development Index was 307.7 in March this year, as released by the State Post Bureau, with an increase of 22.5% year on year.

 

10.According to Haikou Customs in Hainan Province, the offshore duty-free sales totaled RMB 16.9 billion, up 14.6% year on year. The number of shoppers reached 2.24 million, up 27.2%, and a total of 19.68 million pieces of duty-free products were sold.

 

 

(Source: Economic Daily)