"Circulation" big data reflects China's economic vitality

2023-02-17

A few days ago, the 40-day 2023 Spring Festival Games officially ended, and the turnover of people and passenger traffic for business in the whole society reached the highest level since the 2020 Spring Festival Games. While the flow of people is accelerating to warm up, the volume of cargo transportation is also at a high level. According to the monitoring data of the National Post Office, in 2023, China's express service volume will exceed 10 billion in only 39 days. One by one "flow" big data shows the vitality of the economic pulse, reflecting that the current vitality of China's consumer market is recovering, and the pace of steady economic recovery is accelerating. ——According to the data released by the Ministry of Transport, the number of people in the whole society will be about 4.733 billion during the 2023 Spring Festival. Among them, the passenger traffic volume for business is about 1.595 billion person-times, an increase of 50.5% over the same period in 2022. Specifically, railway transport has sent 348 million passengers, an increase of 94.73 million or 37.4% year on year. Among them, the number of passengers sent per day in 11 days exceeded 10 million, and the railway passenger flow has rebounded significantly. In terms of civil aviation, 55.23 million passengers were transported during the Spring Festival, up 39% year on year. Among them, the number of employees reached 1.79 million on January 27, setting a new one-day high in the industry since May 6, 2021. From the perspective of airports, the passenger throughput of 54 airports has recovered to 100% in 2019. The flow of passenger cars on the expressway also reached a record high. The public's willingness to choose self-driving travel has increased significantly. The number of self-driving trips during the Spring Festival Games has reached the highest level in all years. On January 27, the number of motorway passenger cars reached 60.291 million, which is a historical peak. In addition to the passenger flow during the Spring Festival, the subway traffic volume in major cities has also rapidly rebounded to tens of millions after the holiday. On February 14, the total passenger volume of Beijing rail transit network reached 11.2217 million person-times, which recovered to 11 million person-times after 409 days. Since February, the daily passenger volume of Beijing rail transit has successively exceeded 9 million, 10 million and 11 million. Among them, it took only 7 days to reach 11 million person-times from 10 million. Wang Feng, an analyst at Shanxi Securities, said that these data reflect the improvement of China's current microeconomic situation from the side. With the normalization of personnel flow and social restart, consumer demand has obviously recovered. ——Since the beginning of this year, with the resumption of work and production of enterprises, the prosperity of freight logistics has increased significantly. According to the data of the Civil Aviation Administration of China, in January 2023, the overall production of civil aviation transportation showed a rapid recovery, with the total turnover of 7.39 billion ton-kilometers completed by the whole industry, up 13.9% year on year. On the railway side, from January 7 to February 15, the national railway delivered 415 million tons of goods in total, maintaining a high level of operation. China EU trains have run a total of 1802 trains and delivered 190000 TEUs, up 14% and 23% year on year respectively. The new western land and sea channel trains delivered 74100 TEUs, up 3.7% year on year, and the China Laos railway delivered 325000 tons of cross-border goods, up 282% year on year. According to the report of Guojin Securities, within the week from February 6 to 12

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Economic Information Daily

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