China s top leader as well as diplomats from around the world have extended greetings for the Chinese Lunar New Year, or the Spring Festival, to all Chinese people around the globe and also publicized, introduced and promoted Chinese culture to the world.
While China prepares for the Spring Festival, also known as the Chinese Lunar New Year, President Xi Jinping extended messages of good wishes, support, and confidence for 2024 to all Chinese people during his inspection tour in North China s Tianjin Municipality on January 1 and 2.
China will scale up cuts in taxes and fees in 2022 on top of the newly added cuts worth 1.1 trillion yuan ($174 billion) last year and increase allocation of fiscal revenue to local governments to help offset their slowing revenues, officials from the Ministry of Finance (MOF) said on Tuesday, as the country firmly implements proactive fiscal policies for precision and sustainability in stabilizing economic growth.
China rejected suspending business or extending the closure for catering, supermarkets, scenic spots and cinemas without policy support or an epidemiological survey on Friday in a move to stimulate the services sector crippled by the epidemic.
The Spring Festival holiday, the first week-long holiday of the year in China, always serves as a barometer of consumption for the year. Under the COVID-19 flare-up in some cities, the 2022 Spring Festival holiday consumption revealed a complicated economic landscape - slight contraction offline but strong growth online, including robust ice and snow tourism powered by the Beijing 2022 Winter Olympic Games.