China's logistics industry continues to recover, helping to improve overall economic efficiency
2024-05-07
Recently, the X8719 express freight train carrying Jiangsu non-ferrous metal wire, automotive parts, cotton yarn and other goods departed from the East Freight Yard of Changzhou Station in Nanjing Railway Logistics Center and headed to Shilong Station in Guangzhou, Guangdong. On the same day, the X8751 express freight train loaded with goods departed from Shilong Station in Guangzhou and headed towards Changzhou Station. At this point, the Changzhou Shilong express freight train has achieved bi-directional operation, providing more convenient logistics services to promote the coordinated economic development of the Yangtze River Delta and Pearl River Delta regions. Logistics is an important link in the smooth circulation of the national economy. In recent years, China has introduced a series of policy measures to reduce logistics costs. The level of social logistics costs has steadily decreased, and the comprehensive efficiency and service level of logistics have significantly improved, providing strong support for building a modern economic system and promoting high-quality economic development in China. The relevant person in charge of the China Federation of Logistics and Purchasing stated that since the first quarter, China's logistics operation has generally continued the previous recovery trend, with a steady increase in the total growth rate of social logistics, an increase in logistics market activity, and a continuous optimization of supply structure, which has helped improve the overall efficiency of economic operation. Especially in March, the pace of upgrading the upstream and downstream industrial structure has accelerated, transportation and storage turnover efficiency has significantly improved, market operating entities are expected to improve, and logistics operations are overall stable and improving. Logistics operations have started well, and the overall recovery level is stable and improving. Recently, the China Federation of Logistics and Purchasing released data showing that the total social logistics in the first quarter of 2024 was 88 trillion yuan, with a year-on-year increase of 5.9% based on comparable prices, an increase of 0.5 percentage points compared to the fourth quarter of last year, and an increase of 2 percentage points compared to the same period last year. Meng Yuan, Deputy Director of the Logistics Statistics Department of China Logistics Information Center, analyzed that in terms of growth rate, the total amount of social logistics has accelerated compared to the same period last year and the fourth quarter of last year, continuing the upward trend since last year, demonstrating a good start to logistics operations and an overall stable and rising recovery level. From the perspective of the total structure of social logistics, the agricultural products, imports, and people's livelihood consumption sectors are basically stable. The proportion of industrial logistics to the total social logistics is still 88%, and the role of logistics in supporting the production sector is still strong. Compared with the fourth quarter, the growth rate of logistics demand in industries such as industrial production and people's livelihood consumption has maintained a relatively fast recovery trend, and the driving effect is more obvious. Meng Yuan pointed out that, in general, the policy effect has continued to be remarkable since the first quarter, especially with the implementation of policies related to large-scale equipment renewal and the consumer goods trade in action plan, plus the central government has repeatedly proposed to effectively reduce the logistics cost of the whole society, and promote logistics development, logistics related fixed assets investment investment has maintained a steady growth (including railway transport investment growth of 17.6%, air transport investment growth of 35.4%), the level of logistics infrastructure continues to improve, and logistics operations will continue to recover from a good situation. However, it should also be noted that the process of logistics recovery is still fluctuating significantly, and the foundation for recovery needs to be consolidated. Currently, logistics is still in a critical stage of steady recovery, structural adjustment, transformation, and upgrading. The overall recovery trend of the logistics industry is obvious, and rural e-commerce logistics continues to develop rapidly. Zheng Guangjun is a truck driver who has been driving for more than ten years on the Yunman platform. After this year's Spring Festival, especially since March, I have been in Guangdong
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