Travel surged during the Qingming Festival and trade in services grew rapidly
Transport authorities take multiple measures to ensure orderly return of passengers
The last day of the Qingming Festival holiday on the 6th ushered in the peak of the return traffic flow. The national railway is expected to send 17.9 million passengers, an increase of more than 4 million passengers over the 5th. Key stations have increased their capacity and refined their services to ensure passengers return in an orderly manner.
Hong Kong and Macao ports usher in peak entry and exit during the Qingming Festival
During the Qingming Festival holiday, several Hong Kong ports experienced a travel peak. According to statistics from the Hong Kong SAR Immigration Department, over 8.7 million people entered and exited Hong Kong from March 28 to April 5, with approximately 960,000 people entering and exiting each day, up approximately 43% year-on-year. On the day of the Qingming Festival, over 1.01 million people entered and exited Hong Kong via various ports, an increase of approximately 52% year-on-year.
According to data released by the Macao Public Security Police Bureau, from the morning of the 4th to the 6th, 1.4054 million people entered and exited the country at various ports in Macau. On the Ching Ming Festival, inbound and outbound passenger flow at various ports in Macau increased by 31.1% year-on-year.
China's Services Trade Grows Rapidly in First Two Months
Data released by the Ministry of Commerce show that, in Jan-Feb 2024, China’s total imports and exports of services reached RMB1191.07 billion, a YoY increase of 22.8%.
China's futures market transaction volume grew steadily in the first quarter
According to the latest data from the China Futures Industry Association, in the first quarter, the cumulative trading volume of the national futures market was 124.16 trillion yuan, a year-on-year increase of 2.70%. The market scale expanded steadily and the capacity and level of services for the real economy continued to improve.
China to build a number of accessible localized wind power projects in its rural counties
The National Development and Reform Commission, National Energy Administration and Ministry of Agriculture and Rural Affairs launched the “Action for Harnessing the Wind in a Thousand Towns and Ten Thousand Villages" initiative, proposing to establish, during the 14th Five-Year Plan period, a number of wind power projects developed and utilized locally and nearby, starting with villages in counties, cities, districts, and banners that meet the requirements.
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