Promoting consumption and expanding investment, multiple efforts are being made to drive the recovery of the economy and improve it. Ministry of Transport | Data | Economy

CCTV News: The various economic data released today for July are eye-catching. In the first half of the year, China's economy showed a steady growth trend overall, with impressive performance in tax reduction and fee reduction, energy supply, transportation, and other aspects. Let's take a closer look below.

In the first half of the year, a total of 927.9 billion yuan was added nationwide for tax reduction, fee reduction, and deferred tax refunds

In the first half of the year, a total of 927.9 billion yuan in new tax reductions and deferred tax refunds were added nationwide, effectively reducing the burden on business entities. Among them, private economy taxpayers and taxpayers added 704.9 billion yuan in tax reduction, fee reduction, and deferred tax refunds, accounting for 76%, making them the main beneficiaries of the policy.

By industry, the manufacturing industry and related wholesale and retail industries have the highest proportion, with a cumulative increase of 381.8 billion yuan in tax reduction and fee deferral, accounting for 41%.

A series of tax and fee preferential policies stimulate the innovation vitality of enterprises. According to value-added tax invoice data, in the first half of the year, the sales revenue of high-tech industries and core industries of the digital economy increased by 10.7% and 8.8% year-on-year, respectively.

In the first half of the year, China's transportation economy continued to improve

In the first half of this year, China's transportation economy showed a continuous recovery and overall improvement, providing strong support for promoting economic recovery and improvement.

Data 1: 1.83 trillion yuan. The latest data from the Ministry of Transport shows that in the first half of the year, China's transportation investment reached a high level, and the transportation fixed assets investment reached 1.83 trillion yuan, up 9.1% year on year. Among them, the railway completed an investment of 304.9 billion yuan, a year-on-year increase of 6.9%; The completed investment in highways was 1383 billion yuan, a year-on-year increase of 8.9%; The waterway completed an investment of 93.6 billion yuan, a year-on-year increase of 26.7%; Civil aviation completed an investment of 46.2 billion yuan, a year-on-year increase of 0.2%.

Data 2: 8.19 billion tons and 150 million TEUs. The latest data from the Ministry of Transport shows that in the first half of the year, China's port cargo throughput reached 8.19 billion tons, a year-on-year increase of 8%. The container throughput reached 150 million TEUs, a year-on-year increase of 4.8%.

Data three: 25.93 billion tons. In the first half of the year, China's freight volume continued to grow, with a completed operational freight volume of 25.93 billion tons, a year-on-year increase of 6.8%. Among them, railways, highways, waterways, and civil aviation completed freight volumes of 2.5 billion tons, 19.01 billion tons, 4.42 billion tons, and 3.28 million tons respectively, with year-on-year growth of 0.6%, 7.5%, 7.7%, and 6.4%, respectively.

In the first half of the year, China's travel volume also accelerated its recovery. Looking at data four: 4.32 billion people. According to data from the Ministry of Transport, in the first half of this year, China completed a total of 4.32 billion commercial passenger trips, a year-on-year increase of 56.3%. At the same time, the national urban passenger volume reached 45.42 billion, a year-on-year increase of 15%. Completed 11.78 billion trips of small buses on highways, a year-on-year increase of 39%.

The domestic energy supply guarantee capacity is steadily improving

In the first half of this year, the domestic energy supply guarantee capacity steadily improved, the green and low-carbon transformation of energy accelerated, and the overall energy supply and demand in the country remained stable and orderly.

According to data released by the National Energy Administration, the total electricity consumption in the first half of this year was 4.3 trillion kilowatt hours, a year-on-year increase of 5.0%. In the first six months, the electricity consumption of the first, second, and third industries increased by 12.1%, 4.4%, and 9.9% year-on-year, respectively. The overall growth trend of industrial energy consumption continues. The consumption of coal and natural gas has steadily increased, while the consumption of refined oil has grown rapidly.

Manufacturing Purchasing Managers Index continues to rebound

In July, the Purchasing Managers Index of China's manufacturing industry was 49.3%, an increase of 0.3 percentage points from the previous month, and a steady increase for two consecutive months. Among the 21 industries surveyed, 10 are in the expansion range, an increase of 2 compared to the previous month, and the overall level of manufacturing industry prosperity continues to improve.

Cai Jin, Vice President of the China Federation of Logistics and Purchasing: The rebound of the index reflects the basic trend of the overall economic operation still recovering and improving, especially from this month's data, the momentum of the recovery and improvement is further strengthening.

Expand new space and promote the implementation of a package of policies to promote consumption

At today's routine policy briefing, multiple departments jointly interpreted the 20 specific measures of "Measures for Restoring and Expanding Consumption".

It is reported that the "Measures for Restoring and Expanding Consumption" issued this time aims to further meet the consumption needs of residents and unleash consumption potential by optimizing policy and institutional design. The measures will form a "package" policy system to promote consumption together with key policies in various fields and categories.