Hi everyone. I’m Stephanie LI.

(資料圖)

大家好，我是主持人李瑩亮。

Coming up on today’s program.

重點提要

Consumption fired on all cylinders during the May Day holidays from tourism, box office to catering;

BYD remains top seller of NEVs in April.

Here’s what you need to know about China in the past 24 hours

中國經濟要聞

The number of people traveling across China by air, rail, road and/or waterways over the five-day Labor Day holiday that ended yesterday surged more than two-and-a-half times from the same period last year, as travel becomes a favorite activity once more following the lifting of the country’s zero-Covid policy, according to the latest data.

Over 270 million people headed out over the break, which lasted from April 29 to May 3, equivalent to an average of 54 million travelers a day, according to the Ministry of Transport.

Domestic tourism revenues jumped to 101 percent of pre-pandemic levels, reaching 148 billion yuan during the “golden week” holiday.

People traveling by air over the long weekend soared six-times from a year earlier to 9.4 million passengers per day on average, while those who took the train surged over five-and-a-half-fold to 90.8 million people a day. People who travelled by boat jumped 114.2 percent to 6.8 million and those who drove themselves doubled to 163 million.

Many domestic hotspot tourist sites have been operating at maximum capacity, such as the Great Wall in Beijing, the Xi"an City Wall in Xi"an, and the West Lake in Hangzhou, according to travel platform data.Accommodation bookings in popular tourist cities surpassed the pre-virus level by 1.9 times, travel portal Qunar data showed.

Outbound air bookings during the five-day holiday also recovered to 45 percentof the levels during the same holidays in pre-pandemic 2019, according to data from Qunar on Wednesday. Bangkok in Thailand, Kuala Lumpur in Malaysia, Singapore, and China"s Hong Kong and Macao SARs were among the hot destinations, the data showed.

While the bustling tourism sector has fueled a considerable surge in demand growth, people who chose to stay at home have opted to dine out, watch movies and enjoy entertainment activities, which all fan the flames of full-fledged consumption acceleration.

According to data released by the Ministry of Commerce, sales of major retail and catering enterprises jumped 18.9 percent from a year earlier during the holiday. And key food chains saw revenues uptick by 57.9 percent year-on-year.

Data from food delivery platform Meituan showed that in the first three days of the May Day holidays, the online daily consumption volume mushroomed 133 percent compared with 2019.

Moreover, the long break also witnessed a surge in the number of moviegoers. China"s box office amassed around 1.52 billion yuan over the five-day period, recording the third highest-grossing May Day holiday, according to film data platform Maoyan.

火爆的“五一”黃金周于5月3日落下帷幕，在出游人次和旅游收入上均已全面超過2019年同期。

今年全國假日市場總體安全平穩有序，文旅產品供給豐富，文化和旅游行業復蘇勢頭強勁。5月3日晚，經文化和旅游部數據中心測算，2023年“五一”假期內，全國國內旅游出游合計2.74億人次，同比增長70.83%，按可比口徑恢復至2019年同期的119.09%；實現國內旅游收入1480.56億元，同比增長128.90%，按可比口徑恢復至2019年同期的100.66%。

5月3日，去哪兒、途牛、馬蜂窩、同程旅行、攜程、飛豬等OTA公司發布的2023年五一假期旅游總結報告顯示，國內景區門票量同比增長9倍、跟團游大增11倍、跨省酒店預訂占比超七成等，諸多數據顯示“五一”假期國內游火爆。

民航市場也呈現強勁復蘇態勢，量價齊升。據攜程旗下FlightAi市場洞察平臺數據顯示，今年“五一”期間，國內航班架次超過8萬，日均水平較2019年同期增長15%左右。今年五一機票搜索熱度較2019年大漲162%，假期國內單程含稅機票均價為1211元，較2019年增長39%。

鐵路方面，今年五一的火車票可謂“一票難求”。據國鐵集團公布的數據，4月29日至5月3日，全國鐵路預計發送旅客9088.1萬人次，日均發送1817.6萬人次，比2022年同期增長464.4%。假期第一天，鐵路迎來五一假期出行最高峰，全國鐵路共發送旅客1966.1萬人次，開行旅客列車12064列，單日旅客發送人數、旅客列車開行列數均創歷史新高。

在搶票難、票價高的背景下，加之假期高速公路小型客車免費通行的政策，不少游客轉而選擇自駕出行，據統計，五一假期期間，預計全國高速公路流量累計31045.94萬輛，日均6209.19萬輛，同比2022年同期增長101.83%。

另一方面，今年五一是出境團隊游試點恢復后的首個長假。隨著今年以來入出境政策陸續放寬，五一假期成為近三年來出境游規模最大的小長假。在同程旅游平臺上，“五一”期間國際酒店預訂量已經超過2019年同期，國際機票預訂量也恢復至2019年同期水平。去哪兒數據顯示，五一期間出境游機票預訂量已恢復至疫情前同期（2019年5月1日-5月4日）的45%。而攜程平臺的數據顯示，從整體訂單量來看，五一內地出境游整體訂單量較去年同期增長近700%，出境機票、酒店訂單量分別較2022年同期增長近900%、近450%。

距離較近的亞洲國家和地區是內地出境旅客的首選，攜程機票平臺近70%的出境意向集中在東南亞地區。據各平臺統計，中國香港、中國澳門以及泰國、新加坡、馬來西亞、日本、韓國等目的地最受游客青睞。其中多地的機票、酒店訂單均超過2019年五一假期水平。

而電影“五一檔”則呈現弱復蘇局面。截至5月4日凌晨，貓眼專業版數據顯示，今年電影“五一檔”票房15.18億元，不敵2021年的16.73億元與2019年的15.27億元。居歷史前三。

Moving on to regional highlights

區域觀察

The Fuxing bullet train is expected to run on the Qinghai-Tibet Railway, China Railway Qinghai-Tibet Group Co said on Tuesday. The development will follow the upgrading of the railway, as the section from Xining to Golmud in Northwest China"s Shaanxi Province will be finished within this year.The running time for this section, which is 829 kilometers long, will be cut by two hours to 4.8 hours.

“復興號”將駛上青藏鐵路：5月3日，中國鐵路青藏集團有限公司消息，青藏鐵路提質升級已進入攻堅階段，西寧至格爾木段預計在今年全部完成升級，該段829.251千米線路的運行時間，將縮短至5.2小時以內，最短為4.8小時，較現狀最快列車的6.8小時縮短了近2小時。提質工程結束后，“復興號”將開上青藏鐵路，屆時其運輸能力和服務質量都將得到大幅躍升。

Guizhou Province completed more than 8.07 billion yuan of investment in big data during the first quarter this year, said local authorities on Wednesday. Among the total investment, approximately 1.5 billion yuan was for channelling more computing resources from China"s eastern regions to its less developed yet resource-rich western regions, said the provincial big data development administration bureau. As of the end of March, 10 large and eight ultra-large data centers had settled in Guizhou. Notably, the total server carrying capacity in the 18 data centers had exceeded 2.25 million units.

貴州一季度大數據領域完成投資超80億元：2023年一季度，貴州省大數據領域完成投資80.78億元，其中“東數西算”項目投資14.99億元。貴州省大數據發展管理局表示，正在建設數字經濟發展創新區的貴州以“東數西算”為牽引，加快建設數據中心、算力網、5G等新一代數字基礎設施，各項指標穩中有進。截至3月底，貴州已累計落地大型、超大型數據中心18個，其中超大型數據中心8個，服務器承載能力超過225萬臺，機架上架率60.53%。

Greater Bay Area, Greater future

新使命，大未來

A long-awaited scheme for Hong Kong’s private vehicles to travel across the border to the mainland via a mega bridgewill open for applicationson June 1. Known as “Northbound Travel for Hong Kong Vehicles”, the scheme will allow residents to drive into Guangdong, while also boosting traffic on the underused Hong Kong-Zhuhai-Macau Bridge. Hong Kong and Guangdong provincial authorities agreed to accept a maximum of 200 applications per working day in the first week of operations and will be increased to 300 from the second week. Motorists with Hong Kong identity cards, home return permits, and mainland driving licenses will be allowed to cross the border using the mega bridge and stay up to 30 consecutive days each time, subject to an annual maximum of 180 days.

“港車北上"6月起接受申請：香港特區政府1日公布“港車北上”實施安排：從2023年6月1日上午9時開始接受合資格的香港私家車申請“港車北上”計劃，并于7月1日零時起讓已獲批的香港私家車經港珠澳大橋口岸往來香港與廣東省。特區政府發言人說，為確保“港車北上”計劃有序落實，廣東省政府和香港特區政府同意在計劃推出初期就接受申請數目設置上限，并將以電腦抽簽方式分配。開放申請后首星期每個工作日接受200個申請，由第二個星期起每個工作日接受300個申請，之后會檢視申請情況，逐步提升接受申請數目。廣東省政府也于當日公布“港車北上”管理辦法。根據管理辦法，香港車主只要年滿18周歲、持有港澳居民來往內地通行證，本人名下登記持有1輛香港機動車（車長小于6米且含駕駛人座位數不超過8座的非營運小型載客汽車），就可以申請臨時入境機動車牌證。香港機動車在臨時入境機動車牌證有效期內，可以多次入出內地，每次進入內地后在內地連續停留不得超過30天，每年累計不得超過180天。

Hong Kong"s GDP grew 2.7 percent year-on-year in the first quarter of 2023, ending four consecutive quarters of contractions, led by a strong recovery of inbound tourism and growing local market demand, according to the SAR government on Tuesday. Chief Executive John Lee believed the city"s economy in the second quarter will be even better than the first quarter as faster economic growth in the mainland and the acceleration of the local aviation capacity would provide further support. Meanwhile, over 1.71 million travelers poured into Hong Kong during the Labour Day holiday, with some 625,000 - or around 37 percent of them from the mainland, Immigration Department figures showed.

香港一季度GDP增長轉負為正：近日，香港政府統計處公布，今年第一季香港生產總值較上年同期實質上升2.7%，扭轉了四個季度連續下跌的趨勢，主要由于內需驅動和旅游助力經濟恢復。香港特區行政長官李家超2日表示，隨著內地經濟持續較快增長，香港航空運力加速恢復，相信第二季度經濟會比第一季度好，今年經濟會較去年好。此外，據香港入境處數據顯示，今年五一假期合共有171萬人次入境香港，當中內地訪客有62.5萬人次，占整體37%，數字相當于疫情前63%。

Next on industry and company news

產業及公司新聞

Chinese new energy vehicle giant BYD was once again the top seller of NEVs among Chinese manufacturers, soaring 94 percent year on year to 210,300 units in April. GAC Aion, the electric car marque of major Chinese automaker GAC Group, ranked second with over 41,000 units sold, up 302 percent. Li Auto saw an over six-fold leap in sales last month, surpassing peers Nio and Xpeng. Li Auto sold 25,681 NEVs in April, setting a new monthly record and ranking first among Chinese NEV startups. Neta Auto, the EV brand under Hozon Auto, logged a 26 percent jump in sales to 11,080 units in April from a year earlier. Meanwhile, Leapmotor Technology saw its sales slide 4 percent to 8,726 units. Geely Holding Group’s electric vehicle brand Zeekr sold 8,101 NEVs, a gain of 279 percent. Xpeng and Nio, who used to be the top startups, sold 7,079 and 6,658 units, respectively. The first reported a 21 percent drop, and the latter a 36 percent increase in sales in the period.

4月新能源車銷量榜出爐：近日，新能源車企相繼公布2023年4月的新車銷量情況。比亞迪表現依舊遙遙領先，銷量達21.03萬輛，同比增長近一倍。理想汽車4月繼續領先新勢力品牌，2023年4月共交付新車25,681輛，再次創下理想汽車單月交付的新紀錄并連續兩個月交付超2萬輛，同比增長516.3%。4月銷量過萬的還有哪吒，全系交付11,080臺新車，同比增長26%。蔚來銷量為今年以來最低，交付量為6658輛，同比增長31.2%，環比下降35.8%；小鵬共交付7079輛，同比下降21了%。零跑汽車4月累計交付新車8726臺，環比提升41%。傳統車企的新能源品牌中，埃安表現良好，4月交付41012輛，同比增302%。同比實現大幅增長的還有極氪，4月交付新車8101輛，同比增長279%，環比增長21.6%，連續3個月保持增長。

Saudi Arabian oil giant Aramco is reportedly in talks with refining giant Sinopec Corp and French oil major TotalEnergies for a gas deal of about $10 billion. Sinopec and TotalEnergies are in separate discussions to invest in the Jafurah development in Saudi Arabia, the media report said, adding that the plans may include the construction of facilities to export the fuel as liquefied natural gas. Aramco, Sinopec and TotalEnergies did not immediately respond to media requests for comment.

全球三大能源巨頭據稱磋商百億美元天然氣項目：據媒體5月2日報道，沙特阿拉伯國家石油公司、中石化和道達爾能源公司正在就投資沙特阿拉伯的Jafurah開發項目進行談判。談判內容包括建設用于出口液化天然氣（LNG）的設施等。報道稱，沙特阿美正尋求為該項目籌集總計約100億美元資金。談判仍在進行中，尚未做出最終決定。

Huayou Cobalt, a leading Chinese cobalt supplier, intends to build another joint venture factory for ternary cathode materials with local partners in South Korea. Huayou has penned a memorandum of understanding with POSCO Future M, a South Korean manufacturer of cathode and anode materials, and the local government for the two firms to invest in a JV in Pohang, the company said in a statement yesterday.

華友鈷業擬在韓國建鋰電材料項目：5月3日，華友鈷業公告，公司與POSCO FUTURE M、慶尚北道及浦項市地方政府簽訂了《投資諒解備忘錄》，擬在韓國浦項藍谷國家產業園區內投資設立電池材料硫酸鎳精煉及前驅體生產工廠。

Wrapping up with a quick look at the stock market

股市收盤情況

Chinese stocks trimmed an early loss as traders weighed upbeat holiday travel data against a contraction in factory output. The benchmark Shanghai Composite rose 0.8 percent on Thursday, while the Shenzhen Component fell 0.6 percent. Hong Kong stocks also finished with solid gains, with Hang Seng index up 1.3 percent and the TECH index gained 0.6 percent.

A股分化港股收漲：周四A股三大指數全天走勢分化，滬指低開高走、錄得4連陽，創業板指則跌超1%。截至收盤，上證指數漲0.82%，深證成指跌0.57%，創業板指跌1.16%。兩市全天成交額繼續破萬億。港股早盤快速拉升后維持震蕩，截至收盤，恒生指數漲1.27％，恒生科技指數漲0.55％。

Biz Word of the Day

財經詞匯劃重點

Ternary cathode materialLiNixCoyMn1-x-yO2(NCM)has been widely studied as a kind of cathode material with high voltage, high theoretical capacity, good cycling performance and high thermal stability, which is one of the most popular cathode materials for lithium ion battery.

三元正極材料一般指NCM（鎳鈷錳三種金屬元素），按不同比例配置三種元素，可以獲得不同的電池性能。三元正極材料作為一種具有高電壓、高理論容量、良好循環性能和高熱穩定性的正極材料，是目前最受歡迎的鋰離子電池正極材料之一。

Executive Editor: Sonia YU

Editor: LI Yanxia

Host: Stephanie LI

Writer: Stephanie LI

Sound Editor: Stephanie LI

Graphic Designer: ZHENG Wenjing, LIAO Yuanni

Produced by 21st Century Business Herald Dept. of Overseas News.

Presented by SFC

編委: 于曉娜

策劃、編輯：李艷霞

播音：李瑩亮

撰稿：李瑩亮

音頻制作：李瑩亮

設計：鄭文靜、廖苑妮

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