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 18, 2026, 9:00 AM
China Water Transport Network
1049
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Highlights at a glance
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.
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