Title: China’s Economic Activity Ramps Up After Spring Festival
After the Spring Festival holiday, China’s economy is back in full swing as companies across the country resume work and production, with major projects in various industries advancing steadily.
In Ruian, Zhejiang, an auto parts company is already in full swing, with workers assembling parts and packaging them for delivery to OEMs. In Changzhou, Jiangsu Province, an optoelectronic company is working hard to fulfill export orders to Romania, with a significant portion of the order already completed before the Spring Festival. Meanwhile, a foreign-funded power battery company in Jiangsu is producing ternary lithium-ion battery cores for electric vehicles, with orders scheduled until June.
In Guangzhou, Guangdong, the Nansha Comprehensive Bonded Zone is experiencing an increase in cross-border e-commerce orders, keeping the logistics warehouse busy with the inspection and packing of imported goods from Europe, the United States, Japan, South Korea, and New Zealand.
In Ganzhou City, Jiangxi Province, the construction of the Ganxian District Tungsten Cemented Carbide Industrial Park project has begun, with the project aimed at promoting the high-end, intelligent, and green transformation of the tungsten industry.
Civil aviation also experienced significant growth in January, with passenger traffic increasing by 13.5% month-on-month. Additionally, China’s foreign trade with South Asia and Southeast Asia has increased by 41.9% in the past nine years, reflecting the nation’s trade development.
Furthermore, the China International Development Cooperation Agency signed a tripartite cooperation agreement with the United Nations and African countries, indicating a commitment to agricultural and green development.
In real estate financing, 214 cities have established a coordination mechanism to provide financing support, with 162 projects receiving bank financing totaling 29.43 billion yuan.
As China’s economic activity continues to ramp up, the Ministry of Housing and Urban-Rural Development has emphasized the need for a closed-loop system to manage project financing and ensure funds are used for construction purposes.
Overall, China’s economic activity is showing positive signs of growth and progress after the Spring Festival holiday.