"Liquidity indicators" can clearly demonstrate the resilience and certainty of China's economy
2024-01-18
The Spring Festival travel rush is about to begin, which is another major test for China's transportation industry. During this year's Spring Festival travel rush, it is expected that there will be a "super large flow" of passenger transportation. At the same time, since the beginning of the new year, industries such as railways, civil aviation, logistics and express delivery have also shown vitality. From many "flowing indicators", it can be seen that China's economic development has confidence, and economic growth has resilience and certainty. "The passenger flow of Spring Festival travel is about to" move ". On January 12th, the railway officially started selling tickets for the Spring Festival travel. Pre sales show that on the first day of the travel, tickets for trains from Guangzhou and Shenzhen to Changsha, Zhengzhou, Wuhan, Chengdu, and other directions are selling very well, and many trains have no remaining tickets." A staff member from the Passenger Transport Department of Guangzhou Railway Group told Shanghai Securities News that Guangzhou Railway Group is expected to sell 1 million tickets for the first day of the Spring Festival travel. This is a microcosm of this year's Spring Festival travel. Huang Xin, Director of the Passenger Transport Department of China Railway Group, told reporters that during the 2024 Spring Festival travel rush, it is expected that the country's railways will send 480 million passengers, with a daily average of 12 million passengers. "Compared with the 2023 Spring Festival travel, it will increase by 37.9%. Compared with the 2019 Spring Festival travel, it will increase by 18%." Li Yang, Deputy Minister of Transport, said that this year's Spring Festival travel will last from January 26 to March 5, for a total of 40 days. It is expected that the cross regional personnel flow throughout the country during the Spring Festival travel period will reach 9 billion, which is expected to reach a new historical high. It is predicted that during the 2024 Spring Festival travel season, the operating passenger volume of railways, highways, waterways, civil aviation, and other industries will exceed 1.8 billion people, and the non operating small passenger vehicles on highways and ordinary national and provincial trunk lines will travel nearly 7.2 billion people. The proportion of self driving travel will exceed 80%, setting a new historical high. According to predictions and analysis, during the Spring Festival travel rush, self driving trips will experience "super high traffic". The road network, including the expressway network and the national (provincial) road network, is expected to have a daily average traffic volume of 37.2 million vehicles, an increase of 7.5% compared to the same period last year. "The peak is expected to occur during the return peak on February 17th. We expect the peak traffic on highways to reach 65.2 million vehicles, which is about 1.75 times the average traffic flow of the road network during the Spring Festival travel rush. Among them, the peak traffic of passenger cars will reach 62.7 million vehicles. Therefore, the traffic flow will be very large, and everyone should be prepared to avoid congestion and staggered travel." Li Yang said. The civil aviation traffic has "flown", and international flights at Shenzhen Airport have achieved normal operation. The relevant person in charge of Shenzhen Airport stated that since the beginning of 2024, international flight services at Shenzhen Airport have been continuously updated. In addition to the recently approved 24-hour direct transit passenger exemption from border inspection procedures, international flights have also resumed operation comprehensively. According to the statistics of the National Immigration Administration, during this year's New Year holiday, border inspection agencies across the country inspected a total of 5.179 million inbound and outbound personnel, with a daily average of 1.726 million, an increase of 4.7 times compared to the New Year holiday in 2023, and has returned to the same level as the same period in 2019. Among them, 2.51 million people entered and 2.669 million people left the country; Inspection of 203000 inbound and outbound transportation vehicles (ships, trains, vehicles), an increase of 1.5 times compared to the New Year's Day holiday in 2023. The National Immigration Administration officially implemented five measures to facilitate foreign nationals to come to China from January 11th
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：Shanghai Securities Daily
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