China’s cultural and tourism market is booming in April, with crowds of tourists going outskirts to appreciate blooming flowers and participate in outdoor activities like camping and city walks, while the supply of fresh tea and vegetables is also stimulating consumption.
China allocates 237 9b yuan from additional treasury bonds; economy faces more opportunities than challenges in 2024, official says globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
The Ministry of Finance has allocated the first batch of 237.9 billion yuan ($33.38 billion) of proceeds from a sovereign bond issuance to areas such as post-disaster recovery and reconstruction, high-standard farmland construction and meteorological infrastructure construction, China Central Television (CCTV) reported on Monday.
China has reported a number of upbeat economic indicators on Friday, the latest sign that the world s second-largest economy has sustained recovery momentum in November even as downward pressure persists due to geopolitical tensions and a slowing property sector.
In November, China s value-added industrial output increased by 6.6 percent year-on-year, beating market expectations of 5.6 percent, according to data released by the National Bureau of Statistics (NBS) on Friday. The index is also higher than October’s reading of 4.6 percent.
China made new advances in high-quality development in 2022 despite a series of domestic and external challenges, with the hard won high-tech industrial output and infrastructure investment growth becoming a highlight last year, which helped shore up the fundamentals of the overall economy, official data showed on Tuesday.