Page 37 - Chen Xia News Today

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.

Western hegemony is collapsing, and the US has no intention to sit idly by. But China and Russia exist as two bastions in the world that the US cannot break through, which is a basic guarantee of a multipolar world.

Australias leaders have been blasted as weak in Chinese state media, but this time the author is a former Australian diplomat.

To counter strategic squeezes from the US, China and Russia are forming ever-closer political, security and economic ties. The joint statement released by Beijing and Moscow, after President Xi Jinping and his “best friend” President Vladimir Putin met in-person on the sideline of the Beijing Winter Olympics is a manifestation of China-Russia strong friendship and partnership, which the mainstream Chinese media outlets define as “more than allies”.

Starbucks was fined around 1.36 million yuan ($210,000) by local market regulator in the eastern Chinese city of Wuxi, Jiangsu Province, after two of its outlets in the city were found to have adjusted ingredient shelf life and used expired ingredients.

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.

As many Chinese plan to stay put during the upcoming Spring Festival holidays amid COVID-19 outbreaks, bookings for local hotels, winter tourism and theme park tourism are surging rapidly, though cross-provincial travel might be impacted, according to industry data on Thursday.

China’s consumer market is on track for restorative growth this year despite sporadic COVID-19 outbreaks, the Ministry of Commerce (MOFCOM) said on Tuesday, vowing wide-ranging moves to boost consumption, a vital pillar of the world’s second-largest economy.

Some people who study the SCS issue should not be affected by these rumors. Instead, they should set the goal of promoting the stability of the SCS and the peaceful settlement of disputes, objectively view historical problems, and uphold the principles of seriousness and justice in the law of the sea, to contribute wisdom to making the SCS a sea of peace, friendship, and cooperation.