The State Council Information Office held a press conference to release economic data. In the first quarter, the value added of China’s transport, warehousing, and postal services sector increased by 4.3%.

April 17, 2026

China Water Transport Network

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On April 16, 2024, the State Council Information Office held a press conference at which Mao Shengyong, deputy director of the National Bureau of Statistics, introduced the operation of the national economy in the first quarter. According to preliminary calculations, the gross domestic product (GDP) in the first quarter was 33419.3 billion billion yuan, an increase of 5.0 percent year-on-year and 1.3 percent month-on-month at constant prices. By industry, the value added of the primary and 2. industries increased by 3.8 per cent, 4.9 per cent and 5.2 per cent, respectively. Among the service industries, leasing and business services, information transmission, software and information technology services, and the financial industry grew faster, reaching 12.2 per cent, 10.6 per cent and 6.5 per cent, respectively. The value added of transport, storage and postal services, as well as accommodation and catering, increased by 4.3 per cent. In March, the national service industry production index rose 5.0 percent year-on-year, the service industry business activity index was 50.2 percent, up 0.5 percentage points from the previous month, and the business activity expectation index was 54.8 percent. Among them, the business activity index of railway transportation, telecommunications, radio and television and satellite transmission services, monetary and financial services, insurance and other industries is in the higher boom range of more than 55.0 per cent. On the whole, the national economy got off to a good start in the first quarter, the service industry continued to recover, and market expectations remained stable.

　　On April 16, the State Council Information Office held a press conference to release economic data. Preliminary calculations show that the GDP for the first quarter was 33,419.3 billion yuan, an increase of 5.0% year-on-year at constant prices, accelerating by 0.5 percentage points compared to the fourth quarter of last year. By industry, the added value of the primary industry was 1,194.1 billion yuan, an increase of 3.8%; the added value of the secondary industry was 11,613.5 billion yuan, an increase of 4.9%; and the added value of the tertiary industry was 20,611.7 billion yuan, an increase of 5.2%. Quarter-on-quarter, the GDP for the first quarter grew by 1.3%.

　　Deputy Director of the National Bureau of Statistics Mao Shengyong introduced that in the first quarter, the added value of the service industry increased by 5.2% year-on-year. Among them, the added value of leasing and business services, information transmission, software and information technology services, financial services, transportation, warehousing and postal services, and accommodation and catering services increased by 12.2%, 10.6%, 6.5%, 4.3%, and 4.3%, respectively. In March, the national service industry production index increased by 5.0% year-on-year. Among them, the production indices for information transmission, software and information technology services, leasing and business services, and financial services increased by 11.8%, 10.1%, and 6.7%, respectively. From January to February, the operating income of service enterprises above a designated size increased by 7.4% year-on-year. In March, the service industry business activity index was 50.2%, up 0.5 percentage points from the previous month; the service industry business activity expectation index was 54.8%. Among them, the business activity indices for industries such as railway transportation, telecommunications, broadcasting and satellite transmission services, monetary financial services, and insurance were above 55.0%, indicating a relatively high level of prosperity.

　　All-media reporter Shi Mengyuan

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