新藏铁路公司成立，空中丝绸之路初形成

Core Viewpoint - The transportation sector in China has shown positive growth across various sub-sectors during the week of August 4 to August 9, with the overall sector increasing by 1.97%, outperforming the Shanghai and Shenzhen 300 Index which rose by 1.23% [2] Sub-sector Performance - The sub-sectors within the transportation industry experienced the following cumulative growth rates: - Express delivery: +4.34% - Cross-border logistics: +2.82% - Warehousing logistics: +2.63% - Shipping: +2.30% - Ports: +1.95% - Road freight: +1.58% - Airports: +1.37% - Railways: +1.23% - Highways: +0.92% - Public transport: +0.15% [2][1] Airline Sector Analysis - By June 2025, major listed airlines in China have shown recovery in domestic Available Seat Kilometers (ASK) compared to June 2019, with rates as follows: - Air China: 150.62% - China Southern Airlines: 119.55% - China Eastern Airlines: 118.06% - Hainan Airlines: 91.71% - Juneyao Airlines: 118.27% - Spring Airlines: 166.49% - International and regional ASK recovery rates also varied, with some airlines exceeding 250% recovery [2] Oil Prices and Exchange Rates - As of August 8, 2025, Brent crude oil prices were reported at $66.59 per barrel, reflecting a week-on-week decrease of 4.42% and a year-on-year decrease of 15.88% [3] - The exchange rate for the Chinese Yuan against the US Dollar was 7.1382, showing a slight appreciation of 0.16% week-on-week [3] Port and Shipping Sector Insights - The Shanghai Containerized Freight Index (SCFI) was reported at 1490 points, down 3.94% week-on-week and down 54.22% year-on-year [4] - The China Containerized Freight Index (CCFI) was at 1201 points, down 2.56% week-on-week and down 43.85% year-on-year [4] Dry Bulk Shipping Metrics - The Baltic Dry Index (BDI) was reported at 2051 points, up 1.64% week-on-week and up 21.87% year-on-year [5] - Specific vessel types showed varied performance, with the Capesize Index (BCI) up 1.40% year-on-year [5] Road and Rail Transport Data - In June 2025, railway passenger volume reached 373 million, up 3.61% year-on-year, while road passenger volume was 948 million, down 3.72% year-on-year [5] Express Delivery Sector Overview - The express delivery industry generated revenue of 126.32 billion Yuan in June 2025, marking a year-on-year increase of 9.00% [5] Investment Recommendations - The airline sector is expected to benefit from increased international flights and domestic demand recovery, with recommendations for stocks such as Air China and China Southern Airlines [6] - The airport sector is advised to focus on bottom-line opportunities despite challenges in duty-free agreements [6] - The cross-border logistics sector is anticipated to grow due to the rise of cross-border e-commerce, with a focus on companies like Huamao Logistics [7] - The express delivery sector is seen as having growth potential due to the acceleration of e-commerce and improved competitive dynamics [8]