China's inter-provincial trade sales up 1.3% in first 8 months, advanced manufacturing flows accelerate

Beijing, September 23 (China News Service) — According to data released by the State Taxation Administration, China's inter-provincial trade has maintained steady growth in the first eight months of the year. Key regions have demonstrated strong outward sales radiation effects, while transportation, logistics, and information services have also grown steadily. In addition, inter-provincial flows in advanced manufacturing have accelerated.

Steady Growth in National Inter-Provincial Trade; Key Regions Show Strong Outward Sales

In the first eight months, inter-provincial trade sales revenue increased by 1.3% year-on-year, accounting for 41.4% of total sales revenue — a rise of 0.5 percentage points compared to the same period last year. Among China's 31 provincial-level regions, 20 recorded positive year-on-year growth in inter-provincial sales, representing a growth coverage rate of 64.5%.

Sales revenue from key regions to areas outside their own jurisdictions grew at a faster pace. During the same period, sales from the Beijing-Tianjin-Hebei region and the Yangtze River Delta region to external areas increased by 1.6% and 1.8% year-on-year, respectively, both exceeding the national average growth rate for inter-provincial trade sales.

Steady Growth in Cross-Provincial Transport, Logistics, and Information Services; Cross-Regional Transaction Costs Continue to Decline

According to the tax invoice data, inter-provincial sales revenue in the transportation, warehousing, and postal sectors grew by 8.2% year-on-year in the first eight months. Notably, inter-provincial sales in multimodal transport increased by 9.5%, reflecting the growing capacity of new business models and formats in transportation.

Cross-provincial information sharing has also accelerated. Data show that inter-provincial sales revenue in the information services sector surged by 41.1% year-on-year during the same period.

Cross-Provincial Remote Sales Grow Steadily; Advanced Manufacturing Inter-Provincial Flows Accelerate

1. Steady growth in cross-provincial remote sales: Tax invoice data indicate that the number of tax-related business entities engaged in cross-provincial remote sales increased by 10.7% year-on-year in the first eight months, accounting for 56.5% of all entities with sales activities — an increase of 1.9 percentage points from the same period last year.

2. Accelerated inter-provincial flows in advanced manufacturing: According to the data, advanced manufacturing sectors such as integrated circuits, lithium-ion batteries, intelligent vehicle-mounted equipment, and electronic specialty materials actively participated in the domestic economic cycle. Their inter-provincial sales revenue grew by 59.3%, 59.7%, 39%, and 74.3% year-on-year, respectively.