The national economy got off to a strong start in the first quarter, with value added in the transport, warehousing, and postal sectors increasing by 4.3%.

April 20, 2026

China Water Transport Network

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Guide

Highlights at a glance

In the first quarter of 2024, my country's national economy achieved a good start, with GDP reaching 33419.3 billion billion yuan, an increase of 5.0 percent year-on-year. The service industry performed well, with value added up 5.2 per cent year-on-year, with transportation, warehousing and postal services up 4.3 per cent, the business activity index of the service industry rebounded to 50.2 per cent in March, and railway transport and other industries were in a relatively high boom range. In terms of foreign trade, the total volume of imports and exports of goods increased by 15.0 per cent over the same period last year, exports and imports increased by 11.9 per cent and 19.6 per cent respectively, general trade imports and exports increased by 9.0 per cent, and imports and exports to countries jointly building the "Belt and Road Initiative" increased by 14.2 per cent, and the trade structure continued to be optimized. Fixed asset investment increased by 1.7 year-on-year, of which in

　　On April 16, the National Bureau of Statistics released the first-quarter national economic data. Preliminary calculations show that the gross domestic product (GDP) for the first quarter was 33.4193 trillion yuan, an increase of 5.0% year-on-year at constant prices. The national economy achieved a good start in the first quarter.

　　According to the released data, in the first quarter, the service industry grew rapidly, and modern service industries showed good momentum. The added value of the service industry increased by 5.2% year-on-year in the first quarter. Among them, the added value of transportation, warehousing, and postal services increased by 4.3%. In March, the business activity index for the service industry was 50.2%, up 0.5 percentage points from the previous month; the business activity expectation index for the service industry was 54.8%. Among them, the business activity index for industries such as railway transportation was above 55.0%, indicating a relatively high level of prosperity.

　　The import and export of goods grew rapidly, and the trade structure continued to optimize. In the first quarter, the total value of imports and exports of goods was 11.838 trillion yuan, an increase of 15.0% year-on-year. Among them, exports were 6.8467 trillion yuan, an increase of 11.9%; imports were 4.9913 trillion yuan, an increase of 19.6%. General trade imports and exports increased by 9.0% year-on-year. Imports and exports with countries involved in the Belt and Road Initiative grew by 14.2%.

　　Meanwhile, fixed asset investment in the first quarter increased by 1.7% year-on-year, showing stable growth. Among them, infrastructure investment increased by 8.9% year-on-year, growing relatively fast.

In the first quarter, 5,460 China-Europe freight train services were operated, transporting 546,000 TEUs of cargo.

The Beijing 15th Five-Year Plan Outline proposes continuously enhancing the level of integration in the transportation and ecological sectors.