Briefly

FAW Group reports robust exports in Q1

China's leading automaker FAW Group Co Ltd exported 15,000 vehicles in the first quarter, up 125 percent year-on-year. In 2022, the export value of the group's subsidiaries — FAW Jiefang, FAW Benteng and its leading sedan brand Hongqi — registered a record high of over 6 billion yuan ($872 million), said Yang Dayong, chairman of China FAW Group Import and Export Co Ltd. The company has been accelerating the expansion of Hongqi in overseas high-end auto markets, and plans to boost exports of Hongqi to a level where they will account for over 10 percent of Hongqi's total sales by 2025 and 25 percent by 2030.

Logistics activities expand in March

China's logistics sector reported steady growth in March as measures to boost consumption and stabilize demand paid off, industry data showed. The index tracking the country's logistics market performance stood at 55.5 in March, up 5.4 points from February, said the China Federation of Logistics and Purchasing. The subindex for business activity expectations reached 58.1 in March, expanding for a fourth consecutive month, indicating that logistics firms have an optimistic view of the sector's future development.

Agencies - China Daily