China's inter-provincial trade sales up 1.3% in first 8 months, advanced manufacturing cross-regional flows accelerate
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According to invoice data from China's State Taxation Administration, the country's inter-provincial trade sales grew steadily in the first eight months of the year. Total inter-provincial trade sales increased 1.3% year-on-year, accounting for 41.4% of total sales, up 0.5 percentage points from the same period last year. Among 31 provinces, 20 saw positive growth in inter-provincial sales, a 64.5% positive rate. Key economic regions outperformed: the Beijing-Tianjin-Hebei region and the Yangtze River Delta saw external sales grow 1.6% and 1.8% respectively, both above the national average. Transport, warehousing, and postal services inter-provincial sales rose 8.2%, with multimodal transport up 9.5%. Information services inter-provincial sales surged 41.1%. Cross-provincial remote sales tax-registered entities increased 10.7%, accounting for 56.5% of all sales entities. Advanced manufacturing sectors showed strong inter-provincial flows: integrated circuits (+59.3%), lithium-ion batteries (+59.7%), intelligent vehicle equipment (+39%), and electronic specialty materials (+74.3%). The data was reported by Economic Information Daily via Xinhua reporter Wei Xiayi.
Source report
According to invoice data from the State Taxation Administration, China's inter-provincial trade grew steadily in the first eight months of the year, with key regions demonstrating strong external sales radiation effects. The transportation, logistics, and information service sectors also recorded steady growth, while inter-provincial flows in advanced manufacturing accelerated.
Steady Growth in Inter-Provincial Trade with Notable Regional Radiation Effects
In the first eight months, national inter-provincial trade sales revenue increased by 1.3% year-on-year, accounting for 41.4% of total sales revenue—up 0.5 percentage points from the same period last year. Among the 31 provinces nationwide, 20 recorded positive year-on-year growth in inter-provincial sales, representing a growth coverage rate of 64.5%.
Key regions saw faster growth in sales outside their own areas. During the period, sales revenue from the Beijing-Tianjin-Hebei region and the Yangtze River Delta region to external areas grew by 1.6% and 1.8% year-on-year, respectively, both exceeding the national average growth rate for inter-provincial trade sales.
Steady Cross-Provincial Growth in Transportation, Logistics, and Information Services
Invoice data shows that in the first eight months, inter-provincial sales revenue in the transportation, warehousing, and postal sectors grew by 8.2% year-on-year. Notably, inter-provincial sales revenue in multimodal transport increased by 9.5%, indicating a gradual enhancement in the transport capacity of new business models and formats.
Cross-provincial information sharing also accelerated. Data reveals that inter-provincial sales revenue in the information services sector surged by 41.1% year-on-year during the same period.
Steady Growth in Cross-Provincial Remote Sales and Accelerated Inter-Provincial Flows in Advanced Manufacturing
Cross-provincial remote sales grew steadily. Invoice data indicates that in the first eight months, the number of tax-related business entities engaged in cross-provincial remote sales increased by 10.7% year-on-year, accounting for 56.5% of all entities with sales activities—up 1.9 percentage points from the same period last year.
Inter-provincial flows in advanced manufacturing accelerated. According to invoice 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.
(Reported by Wei Xiayi, sourced from Economic Information Daily)
Source
中国产业经济信息网Eastern
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China’s inter-provincial trade sales rise 1.3% in first eight months, tax data shows