Looking at the economy through data, looking at achievements through the economy. Multidimensional and impressive data boosts confidence and strengthens confidence, providing support for the stable and positive development of the Chinese economy. The Purchasing Managers' Index of the Manufacturing Industry is basically stable. The China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released the China Purchasing Managers' Index for July on July 31. In July, the Purchasing Managers' Index of China's manufacturing industry was 49.4%, a decrease of 0.1 percentage points from the previous month, and the operating trend was basically stable. From the sub index perspective, in July, the manufacturing production index was 50.1%, running in the expansion range for five consecutive months. From the perspective of demand, the domestic manufacturing market has fluctuated due to high temperatures and rainy weather in many regions, as well as some industries entering the off-season. However, the overall trend of relatively stable demand has not changed. In July, the raw material purchase price index was 49.9%, a decrease of 1.8 percentage points from the previous month, indicating a decrease in the cost of raw materials for enterprises. A survey of enterprises shows that the proportion of manufacturing companies reflecting high raw material costs has decreased for three consecutive months. In July, the expected index of production and operation activities was 53.1%, still in the expansion range, indicating that most manufacturing enterprises are optimistic about the recent market development. Non manufacturing business activities continue to expand. In July, the non manufacturing business activity index continued to run above 50%, especially in industries related to summer consumption, which performed well and maintained expansion in business activities. In July, China's non manufacturing business activity index was 50.2%, running above 50% for 19 consecutive months. By industry, the business activity index of industries related to residents' travel and consumption, such as railway transportation, air transportation, postal services, culture, sports and entertainment, is in the high prosperity range of over 55%, and the total business volume is growing rapidly. Affected by adverse factors such as high temperature rainstorm and flood disaster, the production and operation activities of construction enterprises slowed down, and the business activity index was 51.2%, 1.1 percentage points lower than that of last month. Overall, in July, the non manufacturing business activity expectation index remained above 56%, indicating that non manufacturing enterprises maintain optimistic expectations for the market in the second half of the year. In the first half of 2024, logistics operations continued to stabilize and recover. According to data released by the China Federation of Logistics and Purchasing on July 30, the total amount of social logistics in China was 167.4 trillion yuan, a year-on-year increase of 5.8%; The total revenue of the logistics industry was 6.3 trillion yuan, a year-on-year increase of 3.7%. Logistics demand steadily recovered in the first half of the year. In 2023, the added value of China's "three new" economy increased by 6.4% year-on-year. The National Bureau of Statistics released the latest data on July 30, showing that in 2023, the added value of China's "three new" economy with new industries, new formats, and new business models as the core content was 2.23528 trillion yuan, an increase of 6.4% over the previous year, accounting for 17.73% of GDP, an increase of 0.37 percentage points over the previous year. The development of cultural enterprises remained stable and positive in the first half of 2024. According to data released by the National Bureau of Statistics on July 30, in the first half of 2024, cultural enterprises above designated size in China achieved a revenue of 6496.1 billion yuan, an increase of 7.5% over the same period last year, and a total profit of 525 billion yuan, an increase of 8.9% over the same period last year. The development of cultural enterprises is steadily improving, and their profitability is steadily increasing. China's total trade volume in goods has ranked first in the world for seven consecutive years. The State Council Information Office held a series of themed press conferences on July 30th to promote high-quality development. Since the 18th National Congress of the Communist Party of China, China's foreign trade has achieved leapfrog growth, with larger scale, better structure, and stronger vitality. Since the 18th National Congress of the Communist Party of China, China's foreign trade has grown at an average annual rate of nearly 1.6 trillion yuan. The total value of foreign trade imports and exports in 2023 has increased by 17 trillion yuan compared to 2012, ranking high in the 2023 World Trade Rankings. China's total trade volume of goods has ranked first in the world for seven consecutive years, and has become a major trading partner for more than 150 countries and regions. In the first half of 2024, China's foreign trade exceeded 21 trillion yuan for the first time, reaching a new high in scale. The scale of China's banking wealth management market is 28.52 trillion yuan. The semi annual report on China's banking wealth management market released on July 30 shows that as of the end of June 2024, the scale of China's banking wealth management market was 28.52 trillion yuan, with over 122 million investors. According to the report, as of the end of June 2024, the existing scale of China's bank wealth management market was 28.52 trillion yuan, with a total of 15400 new wealth management products issued in the first half of the year and a fundraising of 33.68 trillion yuan. In the first half of 2024, the overall returns of bank wealth management products were stable, with an average return rate of 2.8%, creating a profit of 341.3 billion yuan for investors. From the perspective of wealth management products, medium and low-risk products are the mainstream products in the bank wealth management market, accounting for over 94%. From the perspective of investors, as of the end of June, the number of investors holding wealth management products reached 122 million. Among them, there are 120 million individual investors, accounting for over 98%. Dong Ximiao, Chief Researcher of Zhaopin, introduced that the scale of wealth management products steadily rebounded in the first half of the year, with an average return rate of 2.8%, continuing to be an important choice for residents' investment and wealth management. In the next stage, banks and wealth management companies should continuously improve their understanding of the macro situation and financial markets, provide differentiated products and services for investors with different needs, and guide investors to develop the concept of value investing and long-term investment. The report also shows that most of the funds raised by wealth management products are invested in the real economy. As of the end of June, bank wealth management products supported approximately 20 trillion yuan in real economy funds through investment in assets such as bonds, non-standard debt, and unlisted equity. The total revenue scale of top logistics companies in 2023 exceeds 2 trillion yuan. On July 30, the China Federation of Logistics and Purchasing announced the survey results of the top 50 logistics companies in China for 2024. According to enterprise surveys, the total logistics business revenue of China's top 50 logistics companies in 2023 exceeds 2 trillion yuan, with nearly 90% of the top companies involved in international logistics business. It is reported that the total logistics revenue of China's top 50 logistics companies in 2023 is 2.1 trillion yuan, with a comprehensive threshold of 7.43 billion yuan for the top 50 logistics companies and 1.55 billion yuan for the top 50 private logistics companies. The service field of top logistics enterprises involves important categories that support the national economic cycle. Among them, commodities and fast-moving consumer goods account for nearly 80%. In addition, nearly 90% of the top logistics companies are involved in international logistics business. From the perspective of business data, the average total assets of top logistics enterprises are nearly 50 billion yuan, with a revenue profit margin of about 5%, and relatively good asset utilization efficiency and quality. Liu Yuhang, Director of China Logistics Information Center, stated that by leveraging the investment of leading enterprises, especially in digitalization, we can better drive other related logistics enterprises to improve their management level and provide higher quality and efficient logistics services. (New Society)