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China’s green industries, unified national market initiative make steady progress: data

China

China

China

China’s green industries, unified national market initiative make steady progress: data

2024-10-14 10:27 Last Updated At:11:07

China's development of green industries and the country's initiative of building a unified national market have made steady progress over the first three quarters of 2024, according to the data published by the State Taxation Administration on Sunday.

The tax data highlighted that the development of green industries has gathered pace in Jan-Sept, reflecting a resilient and diversified economic landscape.

Sales revenue in the ecological protection and environmental governance sectors surged by 11.4 percent, while the green technology services sector, including renewable energy and energy-saving solutions, witnessed a growth of approximately 20 percent. As China's broader strategy has continued emphasis on transition toward a more sustainable and innovative paradigm, sales in the clean energy sector, including solar, wind, and hydropower, maintained a rapid growth.

The transportation and logistics sector also registered faster growth, with sales revenue rising by 10 percent year on year. In particular, the growth in multimodal transport and freight forwarding services saw increases of 33.5 percent and 11.3 percent, respectively. The transportation sector in Sept alone experienced a 10.6 percent growth.

Moreover, interprovincial sales volume rose by 2.5 percent, outpacing the overall growth rate of national enterprise sales revenue by 1.1 percent, reflecting a steady progress in building a unified national market.

China on April 10, 2022 unveiled guidelines for accelerating the building of a unified national market, envisioning breaking local protection and market fragmentation and unblocking key sticking points that weigh on economic circulation, as part of a wide-ranging push for an effectively regulated, fairly competitive and fully open market across the country.

China’s green industries, unified national market initiative make steady progress: data

China’s green industries, unified national market initiative make steady progress: data

China’s green industries, unified national market initiative make steady progress: data

China’s green industries, unified national market initiative make steady progress: data

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China's e-commerce logistics index up in October

2024-11-11 05:16 Last Updated At:07:17

China's e-commerce logistics index, which measures logistics operations within the e-commerce sector, reached 115 points in October, an increase of 0.6 points from September, according to data released Monday by the China Federation of Logistics and Purchasing (CFLP).

Experts said that the e-commerce logistics index in October thrived due to strong online shopping driven by sales promotions from major e-commerce platforms and the ongoing trade-in program for home appliances.

The sub-index for the sector's total business volume rose by 2.5 points from the previous month to 133.7 points, marking a new five-year high, according to data from the CFLP.

Regionally, the northeastern region saw the largest increase in its total business volume index.

"China's e-commerce logistics index showed a slight rebound in October, and the demand for e-commerce logistics has also steadily recovered as online consumption was boosted by large-scale equipment upgrades, trade-ins of consumer goods, as well as increased subsidies for consumer goods such as home appliances, clothing, and daily consumables," explained Liu Yuhang, director of the China Logistics Information Center.

In October alone, the inventory turnover rate index rose by 0.8 points from the previous month, driven by an increase in business volume.

Given the sales promotions launched by numerous e-commerce platforms for the annual 'Double 11' online shopping spree on Nov. 11, analysts predict that the e-commerce logistics index will continue to rise in November.

China's e-commerce logistics index up in October

China's e-commerce logistics index up in October

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