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CCTV News: On April 10, the China Association of Automobile Manufacturers announced that in the first quarter of this year, the production and sales of automobiles in mainland China achieved a "good start", with a year-on-year increase of 6.4% and 10.6% respectively, and the production and sales volume was the highest value in the first quarter since 2019.
According to data from the China Association of Automobile Manufacturers, from January to March 2024, Continental's automobile production and sales will reach 6.606 million units and 6.72 million units, up 6.4% and 10.6% year-on-year, respectively. Of these, exports totaled 1.324 million units, reflecting a 33.2% y/y increase.
In terms of new energy vehicles, production and sales from January to March reached 2.115 million units and 2.09 million units, up 28.2% and 31.8% y/y, respectively, and the market share remained stable at more than 30%. Recently, with the launch of new cars of many brands, the competition in the new energy vehicle market has become more and more fierce, and many car companies have launched various preferential measures to reduce prices, ranging from thousands of yuan to tens of thousands of yuan. Industry experts believe that product and price competition is an inevitable choice in mature markets, but it is suggested that the current industry should pay more attention to the improvement of quality in addition to the growth of quantity.
As of the end of March, the country's inclusive small and micro enterprise loans increased by 21.1% year-on-year
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As the mainland's economy continues to improve, the financing demand of enterprises has picked up. According to the latest data from the State Administration of Financial Regulation, as of the end of March this year, the balance of inclusive small and micro enterprise loans nationwide was 31.4 trillion yuan, a year-on-year increase of 21.1%, 12 percentage points higher than the growth rate of various loans.
According to the data, in the first quarter of this year, the interest rate on newly issued inclusive small and micro enterprise loans nationwide was 4.42%, a decrease of 0.35 percentage points from 2023 and a cumulative decrease of 3.51 percentage points since 2018. In the next step, the State Administration of Financial Supervision requires banks to help small and medium-sized enterprises in financing in terms of quantity assurance, price stability, and optimal structure.
As of the end of March 2024, the National Basic Financial Credit Information Database had access to 6,124 legal entities engaged in credit business, such as commercial banks, consumer finance companies, and microfinance companies, and had collected information on 1.16 billion natural persons, 130 million enterprises, and other organizations.
Shenzhen, Guangdong: The scale of cross-border e-commerce hit a new high in the first quarter, and cross-border logistics achieved a "good start"
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Guangdong is a major foreign trade province in mainland China. According to the latest release of the Department of Commerce of Guangdong Province, in the first quarter of this year, the import and export volume of cross-border e-commerce in Guangdong Province exceeded 200 billion yuan, of which the import and export volume of Shenzhen cross-border e-commerce exceeded 110 billion yuan, an increase of more than 95%, and the scale hit a new high in the same period.
In a warehouse at the international express operation center of Shenzhen Bao'an Airport, He Xiaoqiang, the operation supervisor, is directing workers to unload goods. This truckload of parcels are all from a domestic cross-border e-commerce platform, and will be shipped to France after the sorting is completed. He Xiaoqiang told reporters that since the beginning of this year, he has clearly felt that the volume of packages from cross-border e-commerce platforms has increased a lot.
According to the data, in the first two months of 2024, Shenzhen Customs supervised more than 7 million pieces of mail, express mail and cross-border e-commerce parcels per day, an increase of 20% year-on-year, continuing to rank among the top in the country.
In order to cope with the increasing volume of cross-border parcels since the beginning of this year, a cross-border logistics company in Shenzhen not only expanded the Dongguan warehouse from 4 million square meters to 6 million square meters, but also opened a number of new cross-border transportation routes.