• Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech
  • Entertainment
  • Lifestyle
Thursday, May 29, 2025
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Trump Didn’t Record Comey, White House Tells House Intel Panel

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Rap group call out publication for using their image in place of ‘gang’

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    Using A Mind Reading Device, ‘locked-in’ Patients Told Researchers They’re Happy

    Hong Kong’s Stock Market Tells the Story of China’s Growing Dominance

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel

    Republican Senator Vital to Health Bill’s Passage Won’t Support It

    Rap group call out publication for using their image in place of ‘gang’

    Barack Obama and Family Visit Balinese Paddy Fields During Vacation

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    This Secret Room In Mount Rushmore Is Having A Moment

    A Digital Media Startup Growing Up With Millennial Women

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
NEWSLETTER
-18 °c
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • World
  • Politics
  • Business
  • Science
  • Tech

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Trump Didn’t Record Comey, White House Tells House Intel Panel

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Rap group call out publication for using their image in place of ‘gang’

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Uncharted: The Lost Legacy’s Latest Demo Shows A Treasure-Hunting Duo In Sync

    Hannah Donker talks being The Weeknd’s love interest in ‘Secrets’

    Using A Mind Reading Device, ‘locked-in’ Patients Told Researchers They’re Happy

    Hong Kong’s Stock Market Tells the Story of China’s Growing Dominance

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel

    Republican Senator Vital to Health Bill’s Passage Won’t Support It

    Rap group call out publication for using their image in place of ‘gang’

    Barack Obama and Family Visit Balinese Paddy Fields During Vacation

    Melania Trump’s Mail Suit Suggests Desire To Monetise First Lady Role

    This Secret Room In Mount Rushmore Is Having A Moment

    A Digital Media Startup Growing Up With Millennial Women

    India Is Bringing Free Wi-fi To More Than 1,000 Villages This Year

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Johnny Depp Jokes About Assassinating Trump, Then Apologizes

    Uber’s Turbulent Week: Kalanick Out, New Twist In Google Lawsuit

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
Home Uncategorized

China’s strong economic performance during Spring Festival holiday heralds bright prospects

by Jo
February 2, 2023
in Uncategorized
0 0
0
Share on FacebookShare on Twitter

By He Yin, People’s Daily

The strong economic vitality shown in China during the Chinese New Year holiday heralded a rebound of the Chinese economy in 2023.

Related posts

May 12, 2025

Benue: Purported Removal Of Chief Judge, Unconstitutional, Says Idoma Lawyers

February 20, 2025

The country will keep injecting confidence and impetus into the stable progress and recovery of the world ecomomy.

This year’s Chinese New Year, or Spring Festival, was the first one after China optimized its COVID-19 response. It attracted high attention from the international media. The country’s recovering tourism sector, rising box office, booming catering industry, and busy travel rush, in the eyes of foreign media outlets, all indicated the energy and vitality of consumption as well as strong impetus of economic recovery.

During the Chinese New Year holiday, about 226 million railway, road, waterway and air passenger trips were made in China. The country measured about 308 million domestic tourist visits, up 23.1 percent year on year, with its domestic tourism revenue increasing 30 percent from a year ago to hit 375.84 billion yuan ($55.4 billion). The holiday box office sold 129 million tickets totaling 6.7 billion yuan, up 13.16 percent. Besides, sales revenue of China’s consumption-related sectors rose 12.2 percent from the same holiday period in 2022 and 12.4 percent from that in 2019.

The remarkable performance fully indicated the resilience, potential and vitality of the Chinese economy. A foreign research institution said the country’s demand is being released as people swarm to tourist sites, restaurants and hotels. International public opinion holds that China is now well prepared to speed up its economy.

Such energy reinforced the international community’s confidence in the country’s economic prospects.

Recently, many international institutions and investment banks have lifted their forecasts on China’s economic growth in 2023, claming that the country’s faster growth will forcefully drive global recovery.

The United Nations, in its report World Economic Situation and Prospects 2023, projected that world output growth will decelerate to 1.9 percent this year, but China’s economic growth will accelerate as a result of the country’s efforts to optimize COVID-19 response and adopt favorable economic policies. The report said China’s economic recovery will assist the growth of the whole region.

The latest Global Fund Manager Survey by the Bank of America said growth expectations for China are at a 17-year high. Financial Times reported that investors are piling into emerging market stocks and bonds at a near-record rate and most of them are investing in China.

International Monetary Fund Managing Director Kristalina Georgieva said China’s successful economic reopening is very likely the single most important factor for global growth in 2023.

China’s economic energy strengthened the resilience and dynamics for global recovery and development. As China optimized its COVID-19 response and resumed outbound tourism for Chinese citizens, many Chinese people went abroad for vacation, which brought important benefits to local tourism and even economic recovery of the destinations.

With local traditional songs and dances, Indonesia’s famed resort island of Bali welcomed back the first batch of Chinese tourists by charter flight after the Chinese government optimize its COVID-19 rules, and Maldives welcomed the first direct flight from China with a water cannon salute at the Velana International Airport.

Besides, officials of Thailand, the Philippines, and Cambodia received Chinese tourists at airports in person, and the Jungfrau ski region in Switzerland made a rabbit ice sculpture for Chinese tourists and decorated cableway stations with Chinese New Year ornaments and red lanterns.

Reuters said Chinese tourists have always been a pillar of global retail and tourism industries, and their comeback will no doubt revive the global tourism that had been severely impacted.

According to a recent report issued by the ASEAN+3 Macroeconomic Research Office, the rising number of Chinese outbound tourists is expected to boost economic growth in the region.

Credit rating agency Fitch Ratings also believes that the resumption of outbound tourism in China will revitalize the growth prospects for economies that enjoy developed tourism.

As China has entered a new phase of COVID-19 response and accelerated the resumption of work and life, it will see strengthened internal forces driving economic growth and constant releasing of dividends from deepening reform and opening up.

The Chinese economy will continue demonstrating strong resilience, enormous potential and huge vitality, and will inject confidence and impetus into the stable progress and recovery of the world economy, despite the complex and unpredictable international situation and bigger downward pressure on global economy.

Jo

Jo

No Result
View All Result

Newsletter

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
SUBSCRIBE

Category

  • Agriculture
  • Business
  • Centers Excellence
  • China
  • Covid-19
  • Education
  • Entertainment
  • Fashion
  • food
  • Foreign
  • Gaming
  • Health
  • Interview
  • Lifestyle
  • Movie
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Science
  • Special Projects
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In