Counting the economy: continuous recovery shows strong resilience and vitality to the good China economy
CCTV News: Look at the economy through data, and look at achievements through the economy. Recently, many departments disclosed a number of economic-related data. The data shows that China’s manufacturing market demand continues to recover, and the demand for people’s livelihood consumer logistics maintains rapid growth.The new kinetic energy continues to expand rapidly, and the electricity consumption of all provinces in China is increasing positively … … Multi-field data show that China’s economy is continuing to resume its growth trend and continues to pick up.
In April, the China Purchasing Managers Index remained in the expansion range.
The China Federation of Logistics and Purchasing and the Service Industry Research Center of the National Bureau of Statistics released the Purchasing Managers Index of China in April on April 30th. The purchasing managers’ index of manufacturing industry and the business activity index of non-manufacturing industry remained above 50%, and the overall economic prosperity level of China continued to expand.

In April, the purchasing managers’ index of China’s manufacturing industry was 50.4%, which was in the expansion range for two consecutive months, and the manufacturing industry continued to recover.
From the sub-index, the production index in April was 52.9%, up 0.7 percentage points from the previous month, the highest since April 2023, and the production expansion of manufacturing enterprises accelerated.
From the demand point of view, the manufacturing market demand continues to recover, the new order index and the new export order index are both above the critical point, and the overall export business of enterprises continues to improve.

The new kinetic energy continues to expand rapidly. In April, the purchasing managers’ index of equipment manufacturing industry and high-tech manufacturing industry was 51.3% and 53.0% respectively, both higher than the overall level of manufacturing industry.
In addition, the business activity index of non-manufacturing industry was 51.2% in April, which continued to be above the critical point of 50%, and the non-manufacturing industry continued to expand.
In the first quarter of this year, there were 1.419 billion domestic trips, and the "May Day" tourism fever continued to climb.
The Ministry of Culture and Tourism released on April 30th that in the first quarter of this year, the number of domestic tourists in China was 1.419 billion, a year-on-year increase of 16.7%. Domestic tourists spent a total of 1.52 trillion yuan, a year-on-year increase of 17.0%. It is expected that during the May 1 holiday this year, domestic travel and consumption will reach a new high, and the trend of diversification of consumption scenarios is significant. At the same time, the sinking trend of the tourism market is obvious. At present, the hotel booking orders in the county market increased by 68% year-on-year, and the travel booking orders in the fourth-tier and below cities increased by 140% year-on-year. The passenger flow of minority tourist destinations such as Jiangmen in Guangdong, Huainan in Anhui and Changjiang in Hainan will increase rapidly.

This year, the Ministry of Culture and Tourism announced the list of the first batch of national smart tourism immersion experience new space cultivation pilot projects, rural tourism boutique routes, etc., and a number of emerging products and routes such as industrial tourism, theme smart tourism, and historical and cultural block tours will enrich the May Day holiday market supply and meet the individualized and diversified needs of tourists.
During the "May 1" period, the price of "food basket" was stable and the consumption demand of urban and rural residents was guaranteed.
"Vegetable basket" products, including vegetables, fruits, meat, eggs, milk and aquatic products, are closely related to people’s lives. The reporter learned from the Ministry of Agriculture and Rural Affairs that during the May 1 ST period, the market supply of "vegetable basket" products was guaranteed and the prices were generally stable, which could meet the consumption needs of urban and rural residents.
In 2024, the supply of "vegetable basket" products in China is abundant, and the prices of most "vegetable basket" products are weak. Recently, although there have been large-scale heavy rainfall and strong convective weather in Jiangnan, South China and Guizhou, the affected area is limited, which has little impact on the production and supply of "vegetable basket" products in the country. Generally speaking, the basis of stable production and supply of "vegetable basket" products is relatively solid.

At present, the area of vegetables in the country is nearly 89 million mu, an increase of more than 1.1 million mu year-on-year; The ten-day output was more than 15.6 million tons, an increase of nearly 300,000 tons year-on-year, and the supply guarantee foundation was relatively solid.
The supply of pork market is guaranteed and the price has bottomed out. At the end of the first quarter, the number of fertile sows in China was 39.92 million, which was in a green and reasonable area for capacity regulation.
The output of aquatic products continued to grow, and the price was generally stable. In the first quarter, the total output of domestic aquatic products was 14.1915 million tons, a year-on-year increase of 4.37%.
In the first quarter, the electricity consumption of 31 provinces in China increased positively.
Social electricity consumption is an indicator that can reflect the activity of production and life. According to the latest statistics of China Electric Power Enterprise Federation, in the first quarter, the electricity consumption of the whole society in the eastern, central, western and northeastern regions of China increased by 10.0%, 9.0%, 10.4% and 5.9% respectively. All provinces in China have positive growth in electricity consumption, among which the growth rate of electricity consumption in the east and west is leading.
High-tech industries achieve double-digit growth in electricity consumption.
From the perspective of industry, in the first quarter, the electricity consumption of high-tech and equipment manufacturing industry increased by 14.5% year-on-year, which was 7.1 percentage points higher than the average growth level of manufacturing industry, and the electricity consumption showed an obvious increase.
Electricity consumption of Internet data services increased by 33.4% year-on-year.
The electricity consumption of the tertiary industry increased by 14.3% year-on-year, and the growth rate was 10.3 percentage points higher than that of the same period in 2023. Big data and "cloud computing" have developed rapidly, and the electricity consumption of Internet data services has increased rapidly, with a year-on-year increase of 33.4%. At the same time, with the vigorous development of electric vehicles in China, the electricity consumption of China’s charging and replacing service industry has increased substantially, with a year-on-year growth rate of 70.1%.
Demand for people’s livelihood consumer logistics maintained rapid growth.

From the perspective of people’s livelihood consumption, in the first quarter, the total logistics volume of units and residents’ goods increased by 11.6% year-on-year, and the growth rate increased by 5.7 percentage points over the same period of last year. From the perspective of products, the demand for upgraded people’s livelihood consumption logistics continued to be released, and the demand for retail logistics of sports and entertainment products and communication equipment increased by more than 10% year-on-year.
In the first quarter, the total social logistics in China increased by 5.9% year-on-year, which made a good start.
China Federation of Logistics and Purchasing announced on April 29th that in the first quarter of 2024, the total social logistics in China was 88 trillion yuan, up by 5.9% year-on-year, and the growth rate was 0.5 percentage points higher than that in the fourth quarter of last year and 2 percentage points higher than that in the same period of last year. The total amount of social logistics has continued the upward trend since last year, and the overall recovery level has risen steadily.
In the first quarter, China cultural enterprises realized operating income exceeding 3 trillion yuan.
According to the data released by the National Bureau of Statistics on April 29th, in the first quarter, the operating income of cultural and related industrial enterprises above designated size nationwide reached 3,105.7 billion yuan, an increase of 8.5% over the same period of last year. The total profit was 211.6 billion yuan, an increase of 5.8% over the same period of last year. The development of cultural enterprises has made a good start.
In 2024, the national express delivery business exceeded 50 billion pieces.
The State Post Bureau released the latest data. In 2024, China’s express delivery business exceeded 50 billion pieces.
According to the monitoring data of the State Post Bureau, as of April 29th, China’s express delivery business has exceeded 50 billion pieces in 2024, 32 days ahead of 2023.
Today, more than 100 million express parcels flow in rural areas every day. Express delivery enterprises actively adapt to the characteristics of "many products, fresh quality and large quantity" of agricultural products, constantly innovate the collection mode, increase investment in cold chain, and promote the large-scale development of agricultural products delivery business.

Since 2024, the business volume in the central and western regions of China has accelerated and become an important force driving the development of the industry. At the beginning of the year, the State Post Bureau proposed to continuously optimize the delivery service of e-commerce express mail sent to some areas, guide major express delivery enterprises to optimize their operation modes, promote e-commerce platforms to improve their sales methods, and realize the goal of "delivering everything" for express delivery enterprises. The data shows that in 2024, with the joint efforts of express delivery companies and e-commerce platforms to gradually implement the service improvement plan in Xinjiang, the average daily delivery volume in Xinjiang increased by nearly one million pieces, which played a positive role in promoting the acquisition of Xinjiang agricultural special products in Xinjiang and the sales outside Xinjiang.
Nowadays, the intelligent transformation of large-scale express distribution centers has been accelerated, unmanned warehouses, unmanned vehicles and drones have been rapidly applied, and the level of informationization and intelligence in the industry has been continuously improved.

Wang Yuehan, director of the Industrial Economics Research Department of the Development Research Center of the State Post Bureau, said that the express delivery industry is playing an increasingly important role in reducing the logistics cost of the whole society and improving the circulation efficiency. The market scale is expanding rapidly, the development ability is continuously improved, and the industry is full of vitality and strong motivation. The good development of the express delivery industry reflects that China’s economy is continuing to resume its growth trend and continues to pick up.






















