Economic Watch: Int l businesses eyeing China s resilient consumer market
Xinhua
05 May 2021, 19:18 GMT+10
BEIJING, May 5 (Xinhua) China s effective containment of the COVID-19 pandemic and progress in vaccination have greatly boosted people s enthusiasm for domestic travel during the May Day holiday lasting from Saturday to Wednesday. Viewing the travel rush as a clear signal of the country s economic recovery, especially a pick-up in consumers sentiment, international businesses are shifting to e-commerce to seek fortune in China s online market, given that the coronavirus has brought overseas travel to a standstill. POST-PANDEMIC COMEBACK Passenger trips on Chinese railways hit a new single-day high on the first day of the International Workers Day holiday, with nearly 18.83 million trips recorded, up by 9.2 percent from the 2019 level.
2021-05-05 08:51:17 GMT2021-05-05 16:51:17(Beijing Time) Xinhua English
BEIJING, May 5 (Xinhua) China s effective containment of the COVID-19 pandemic and progress in vaccination have greatly boosted people s enthusiasm for domestic travel during the May Day holiday lasting from Saturday to Wednesday.
Viewing the travel rush as a clear signal of the country s economic recovery, especially a pick-up in consumers sentiment, international businesses are shifting to e-commerce to seek fortune in China s online market, given that the coronavirus has brought overseas travel to a standstill.
POST-PANDEMIC COMEBACK
Passenger trips on Chinese railways hit a new single-day high on the first day of the International Workers Day holiday, with nearly 18.83 million trips recorded, up by 9.2 percent from the 2019 level.
Imagine a digital currency that can be used even without the internet, one that does not have to be linked to a bank account and is treated just as bank notes and coins.
China s digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure.
In the eastern Chinese city of Suzhou, a resident surnamed Lu bought some snacks at a basement store in Tianhong Shopping Mall using digital yuan. She transferred 66.6 yuan (about 10.21 U.S. dollars) from her digital wallet to the vendor s account, although both mobile phones were offline.
· 2020-12-29 · Source: Xinhua News Agency
A consumer orders online with digital yuan in Suzhou, Jiangsu Province in east China on December 12 (XINHUA)
Imagine a digital currency that can be used even without the internet, one that does not have to be linked to a bank account and is treated just as bank notes and coins.
China s digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure.
In the eastern Chinese city of Suzhou, a resident surnamed Lu bought some snacks at a basement store in Tianhong Shopping Mall using digital yuan. She transferred 66.6 yuan ($10.21) from her digital wallet to the vendor s account, although both mobile phones were offline.
2020-12-29 03:10:13 GMT2020-12-29 11:10:13(Beijing Time) Xinhua English
Photo taken on Oct. 12, 2020 shows a sign reminding customers that digital yuan is accepted at a supermarket in Shenzhen, south China's Guangdong Province. (Xinhua/Wu Yanting)
BEIJING, Dec. 28 (Xinhua) Imagine a digital currency that can be used even without the internet, one that does not have to be linked to a bank account and is treated just as bank notes and coins.
China s digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure.
In the eastern Chinese city of Suzhou, a resident surnamed Lu bought some snacks at a basement store in Tianhong Shopping Mall using digital yuan. She transferred 66.6 yuan (about 10.21 U.S. dollars) from her digital wallet to the vendor s account, although both mobile phones were offline.