Today's data selection: Express service timeliness may be extended in some areas; the Civil Aviation Administration requires standardization of Spring Festival ticket prices
The Civil Aviation Administration of China requires the Spring Festival travel ticket prices to be regulated to avoid frequent price adjustments and large price fluctuations.
During this year’s Spring Festival holiday, the volume and price of domestic air tickets increased, and the Civil Aviation Administration of China took action to strengthen fare management. On January 30, reporters exclusively learned from airline insiders that the Civil Aviation Administration of China recently issued the "Notice on Strengthening Civil Aviation Price Management During the Spring Festival in 2024" to various regional civil aviation administrations, transportation airlines, China Air Transport Association, etc. ", calling for strengthening civil aviation price management during the Spring Festival travel period. According to the aforementioned notice, all transport airlines must implement clear pricing requirements and publish freight rates and applicable conditions in a timely, accurate and comprehensive manner. It is not allowed to collude with each other or manipulate market prices; it is not allowed to fabricate or spread price increase information, drive up prices, or promote excessive price increases; it is not allowed to dump at prices lower than cost; it is not allowed to fabricate original prices, false prices, false discounts, use misleading price indications, Conceal price additional conditions; shall not carry out unfair competition behaviors such as false propaganda; shall not engage in monopoly agreements, abuse of market dominance and other monopolistic behaviors; avoid frequent price adjustments, large price fluctuations, and disrupting the normal market order.
State Post Bureau: Due to the weather, express delivery service time may be extended in some areas
According to the China Weather Network, from January 31st to February 5th, the central and eastern regions will experience the longest rain and snow weather process with the widest impact since the beginning of winter. Snowfall in Henan, Shandong, Hubei and other places will be extreme. At the same time, the temperature in most areas will also drop significantly. Affected by cold wave, rain, snow, freezing, low temperature and other weather conditions, express transportation and delivery services in some areas are blocked, and the service time may be extended. Currently, postal and express delivery companies are actively taking various measures to proactively respond to the challenges brought about by weather changes. The State Post Bureau said that if the express package is delayed for a short time, it would like to provide understanding.
The average planned travel time during the Spring Festival holiday is 5.32 days. Nearly 80% of the respondents are interested in traveling to Northeast China.
On January 30, Daily Economic News and digital product and service provider HCR Huichen jointly launched the first tourism consumption trend data report for the beginning of 2024. The results of this survey show that the consumer travel attitude index during the 2024 Spring Festival holiday is 82.1, the average planned travel time reaches 5.32 days, and more than 50% of the respondents estimate that the per capita expenditure is close to 2,001-6,000 yuan.
During the 2024 Spring Festival holiday, the top five most popular destinations for tourists are Heilongjiang, Hainan, Beijing, Guangdong, and Liaoning.
Interestingly, the top two destinations are North and South. According to the survey data, most of the tourists planning to go to Heilongjiang and Hainan are from the south and north, focusing on "north-south migration" and "home-changing tourism."
According to survey data, since this winter, 79.1% of the respondents are interested in traveling to the Northeast due to the overwhelming publicity; 13.1% of the respondents have already visited the Northeast. Only 7.2% of the respondents have no plans or intentions to travel to Northeast China for the time being.
Judging from the survey data, in addition to visiting scenic spots in the Northeast, "Southern Little Potato"'s trip to the Northeast is mainly about hunting for novelties and trying new things. 51.2% of tourists hope to come to Northeast China to eat delicious food and try specialties such as frozen pears, iron pot stew, pot-wrapped pork, pork stew with vermicelli, and chicken racks; 44.5% of tourists prefer ice and snow tourism, such as experiencing the ice and snow world, ice slides, Ice sculpture exhibition and other large-scale recreational facilities; 41.1% of tourists are looking forward to trying local special activities, such as the Northeast Fair, ice skates, etc.; 30% of the "Southern Little Potatoes" are very interested in Northeast Kang and Northeast bathhouse culture.
Automobile industry profit margin drops to 5.0%, profitability pressure intensifies
Although automobile production and sales reached a record high in 2023, the profit margin of the automobile industry is still low.
Data recently released by the Passenger Car Association shows that from January to December 2023, the automotive industry's revenue reached 1.01 billion yuan, a year-on-year increase of 12%; costs were 880 million yuan, a year-on-year increase of 13%; profits were 508.6 billion yuan, a year-on-year increase of 5.9 %; the profit rate of the automobile industry is only 5.0%, which is still low compared to the average profit rate of the entire industrial enterprise of 5.8%.
Cui Dongshu, secretary-general of the Passenger Car Association, said that the automobile industry's production and sales are good under a high base, but the source of profits has changed. In 2023, profits will mainly come from "foreign wealth" and high-end luxury. The profits of most companies have declined sharply, and the survival pressure of some companies has increased. The current fuel vehicle market is profitable, but is shrinking rapidly; new energy vehicles are growing rapidly, but are experiencing large losses and greater conflict pressure.
Data on “borrowing” by local governments in 2023 will be made public
On January 30, the Ministry of Finance disclosed the issuance and debt balance of local government bonds in December 2023. According to data from the Ministry of Finance, local government bonds issued nationwide in 2023 will be 9,337.4 billion yuan, a year-on-year increase of approximately 27%.
The current legal financing channel for local governments is the issuance of local government bonds. Last year, the scale of local borrowing hit a record high, nearly 2 trillion yuan more than in 2022. Local government bonds are divided into new bonds and refinancing bonds according to their uses. The former funds are mainly used for the construction of major projects such as infrastructure, while the latter funds are used to repay the principal of maturing local government bonds or existing debts, that is, "borrowing new and paying back old".
According to data from the Ministry of Finance, new bonds issued by local governments across the country in 2023 will be 4,657.1 billion yuan, a year-on-year decrease of 2%. In 2023, 4.6803 billion yuan of refinancing bonds will be issued, a year-on-year increase of 79%. It is not difficult to find that the reason why local borrowing hit a record last year was mainly because the scale of refinancing bonds hit a new high. On the one hand, the balance of local government debt due last year was large, and the contradiction between local fiscal revenue and expenditure was relatively prominent. Debt repayment relied more on borrowing new money to repay old ones.
