Today's data selection: Summer outings usher in the first peak of flight booking; Longevity Protein Helps Elderly Monkeys Restore Memory in China | Policy | Booking

In the first half of the year, more than 300 policies related to stabilizing the real estate market were introduced in various parts of China, and a combination of punches were launched

In the first half of the year, supportive policies related to real estate were introduced frequently in various parts of China, and many places implemented a combination of policies to stabilize the real estate market, including relaxing restrictive policies, providing housing purchase subsidies, and optimizing housing provident fund policies. A study released by the China Index Research Institute on the 5th showed that more than 100 regions in China have optimized their real estate regulation policies over 300 times in the first half of the year. Among them, in the first four months of this year, the frequency of policy introduction was relatively high, about 60 times per month. In May and June, the frequency of policy introduction related to the real estate market significantly slowed down, dropping to 36 times in June, the lowest in the first half of the year.

From different cities, third - and fourth tier cities have introduced more policies in the early stage, and the policy space has been compressed. Since May, the frequency of the introduction of supportive policies related to real estate has gradually slowed down. Some core cities such as Hangzhou and Nanjing will continue to fine tune policies to further stabilize market expectations. According to the statistics of the Central Plains Real Estate Market Research Center, in the first half of the year, about 380 policies related to real estate were issued nationwide. The most aggressive policy among them is a 10 basis point reduction in the market quoted interest rate for loans over 5 years, to 4.2%, the lowest level of LPR for loans over 5 years since the anchor change in 2019. Zhang Dawei, Chief Analyst of Zhongyuan Real Estate, believes that the LPR interest rate cut, combined with the relaxation of sales restrictions, adjustment of down payment ratios in non restricted purchase areas, and loose housing provident fund policies, are expected to have a certain degree of support for the real estate market.

Online travel platform: China's summer outings usher in the first peak of flight booking

The summer tourism market in China is gradually opening up. According to data released by the Chinese online travel platform Qunar on the 5th, the summer flight booking volume this week entered its first peak, with advance bookings exceeding 70% of the same period in 2019. This summer, "parent-child travel" is the main focus of summer travel. Affected by high temperatures, "cool tours" have also become the theme of this summer. According to platform data, after June 23rd, the summer flight booking volume has entered a period of rapid growth, with the first peak booking in the first week of July. It is expected that the weekly booking volume will remain at a high level thereafter. From the perspective of passenger volume, it is expected that the daily passenger volume this Friday will exceed the peak of the May Day holiday.

The demand for strolling children has become a new driving force for consumer growth. From the perspective of passenger structure, on the platform, the two groups under 18 years old and 34 to 43 years old have the highest proportion, with a total of over 50%, with children accounting for 10%. These groups have driven an increase in the booking volume of "parent-child travel" products. Data shows that the pre booking volume of summer parent-child related scenic spots has increased by 7 times compared to 2019.

From the perspective of destinations, summer travel is still concentrated in big cities, with Beijing, Shanghai, Chengdu, Guangzhou, Chongqing, Xi'an, Qingdao, Hangzhou, Shenzhen, and Changsha being popular destinations. Among small and medium-sized cities, Weihai, Huzhou, Ili, Qiandongnan, Zibo, Wanning, Yanbian, and Shantou stand out.

As of May 2023, China's proportion of 5G base stations in the world exceeded 60%

On July 5th, the China Academy of Information and Communications Technology released the "Global Digital Economy White Paper" at the main forum of the 2023 Global Digital Economy Conference. Yu Xiaohui, President of China Academy of Information and Communications Technology, introduced on site that from 2016 to 2022, China's digital economy continued to grow rapidly. The average annual compound growth rate of China's digital economy is 14.2%, which is 1.6 times the overall compound annual growth rate of the digital economy in the United States, China, Germany, Japan, and South Korea during the same period. According to Yu Xiaohui, as of May 2023, 256 network operators from 95 countries have launched commercial 5G services, with a global 5G population coverage rate of approximately 30.6%. China has built 2.646 million 5G base stations, accounting for over 60% of the global total. The global 5G users have reached 1.15 billion, with China accounting for 58%.

In June, China's e-commerce logistics index reached 110.6 points, and the trend of online shopping consumption recovery has further consolidated

The China Federation of Logistics and Purchasing released data on the 5th, showing that the China E-commerce Logistics Index in June was 110.6 points, an increase of 1.1 points from the previous month, reflecting the further consolidation of the current trend of online shopping consumption recovery. In the sub index, the growth rate of the total business volume of e-commerce logistics has expanded. In June, the total business volume index of e-commerce logistics was 122.7 points, an increase of 2.3 points from the previous month. From a regional perspective, the index has increased in all regions of the country, with significant increases in the western and central regions, which are higher than the national average. In June, the rural e-commerce logistics business volume index was 128.4 points, an increase of 3.3 points from the previous month.

In June, the fulfillment rate index returned to over 100 points, reaching 100.4 points, an increase of 0.5 points from the previous month. On the basis of achieving a continuous six-month recovery, it has basically returned to pre pandemic levels. In June, the actual load factor index was 115.7 points, an increase of 0.9 points from the previous month, achieving a continuous six month increase. This index not only significantly exceeded the pre epidemic level, but also approached the highest value of 117 points since the index was released in 2016. In June, the inventory turnover index was 105.9 points, an increase of 0.7 points from the previous month, and the downward trend has eased. The logistics efficiency index is 101.9 points, an increase of 0.3 points from last month and a new high since the beginning of this year.

Analysis suggests that since the first half of this year, the overall index of China's e-commerce logistics has continuously rebounded, and has returned to over 110 points after a 20 month gap, reflecting the further consolidation of the current trend of online shopping consumption recovery. In June, based on relevant consumer promotion policies and corporate promotional activities, the trend of stabilization became more apparent, with stable growth maintained on both supply and demand sides. On the demand side, various regions have leveraged the Dragon Boat Festival holiday to introduce activities that benefit people's livelihoods and promote consumption, stimulate residents' willingness to shop online, and effectively unleash the potential for online and offline consumption. The supply side is generally improving. In the later stage, under the influence of post holiday effects, the demand for e-commerce logistics may slightly decline, but the positive trend of e-commerce logistics will continue to consolidate.

Longevity Protein Helps Elderly Monkeys Restore Memory

Klotho is a natural protein expressed in kidney and brain tissues, and also a long-lived protein that decreases with age. The University of California, San Francisco team injected a single low dose of klotho into 18 elderly rhesus monkeys. The results showed that a single dose of klotho can improve cognitive function in elderly primates. The related research was published on the 3rd in Nature Aging.