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May Day Holiday Travel Frenzy Infographic: Deng Zijun/GT Few things are more beautiful than taking a trip in the springtime, an experience that however has been complicated by the COVID-19 epidemic. For consumers in the world’s second-largest economy, the coming five-day May Day holidays, which some say is the first long holiday they can really enjoy outdoor trip in the best season of the year since the virus hit last year, mark the start of an unprecedented consumption stimulus-themed month. Travel-related spending is expected to see a huge rebound, with airline and train tickets for top destinations almost sold out and holiday hotspots fully booked. The catering industry, among the most-battered sectors amid the epidemic, also readies for a boost to pre-epidemic days as push for local cuisines and specialties is now gaining the spotlight, based on the Global Times’ interviews with some food service providers in Yangzhou, East China’s Jiangsu Prov ....
SOURCE / ECONOMY Unprecedented stimulus to fire up May Day holiday spending By GT staff reporters Published: Apr 29, 2021 09:58 PM Updated: Apr 30, 2021 04:50 PM May Day Holiday Travel Frenzy Infographic: Deng Zijun/GT Few things are more beautiful than taking a trip in the springtime, an experience that however has been complicated by the COVID-19 epidemic. For consumers in the world s second-largest economy, the coming five-day May Day holidays, which some say is the first long holiday they can really enjoy outdoor trip in the best season of the year since the virus hit last year, mark the start of an unprecedented consumption stimulus-themed month. ....
SOURCE / ECONOMY Push against monopolistic practices to continue By GT staff reporters Published: Mar 02, 2021 08:48 PM A visitor takes photos of the headquarters of China Banking and Insurance Regulatory Commission (CBIRC) in Beijing File photo: IC China s banking and insurance regulator on Tuesday vowed unrelenting efforts to monitor and resolve all kinds of financial risks as the 14th Five-Year Plan (2021-25) unfolds this year, making a special mention of woes over the bursting of Western financial assets. The regulator also reiterated a tough stance on the national push against monopolistic practices, while pledging to advance higher-level financial opening-up. Describing risk prevention as an eternal subject for the financial sector, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), told a press conference in Beijing on Tuesday that strengthening the rule of law in the financial sphere and improving long-term ....
SOURCE / ECONOMY By Huang Lanlan Published: Jan 30, 2021 06:22 PM Aerial photo taken on June 21, 2018 shows morning view of the Lujiazui area in Pudong of Shanghai, east China.Photo:Xinhua Shanghai vows to enhance its position as an international financial center and further promote technological innovation in the next five years amid China s 14th Five-Year Plan (2021-2025) period. The city, which announced to have basically built itself into an international financial center by 2020, aims to further improve its international financial influence with a total transaction volume on financial markets expected to reach 2,800 trillion yuan ($435.7 trillion) by 2025, according to Shanghai s proposals for the 14th Five-Year Plan (2021-2025) for the city s economic and social development and its long-term vision through to 2035, which were officially released on Saturday after being approved by local legislators. ....