Page 2 - Cong Yi News Today

The chunyun or Spring Festival travel rush for 2024 - the worlds largest annual human migration - officially starts on Friday, and is expected to set a new record of 9 billion passenger trips during the 40-day travel peak. From jam-packed transportation hubs to the hustle and bustle seen in markets nationwide, the anticipated booming Chinese New Year holidays are poised to continue the countrys steady recovery while ushering in a lively 2024.

China’s services sector continued to revive in December 2023 as its yearlong recovery kept on going, a survey showed on Thursday. The Caixin services purchasing managers’ index (PMI) – a private gauge – expanded at the quickest pace in five months in December to 52.9 from 51.5 in November.

As of the end of November, the total operation mileage of Chinas railway network exceeded 155,500 km, including 43,700 km of high-speed railways.Chinas rail development continues to speed ahead in 2023, with the launch of more lines aimed at fostering economic and social development within the country and beyond.

Chinas deep-sea integrated large-scale wind power installation vessel Bo Qiang 3060 conducted a trial voyage near the coastal city of Yantai in East Chinas Shandong Province on Wednesday.

As of the end of November, the total operation mileage of Chinas railway network exceeded 155,500 km, including 43,700 km of high-speed railways.Chinas rail development continues to speed ahead in 2023, with the launch of more lines aimed at fostering economic and social development within the country and beyond.

Various Chinese central government departments have unveiled their task lists for 2024, highlighting a strong emphasis on innovation and stimulating domestic demand. These keywords serve as a clear indication of the countrys future economic policies and will lay a solid foundation for robust economic growth in the coming year, experts said.

CHINAS logistics sector grew more quickly in November, as the economy remained on a recovery trajectory and high-quality development gained momentum.

China’s logistics sector grew more quickly in November, as the economy remained on a recovery trajectory and high-quality development gained momentum.

In the ongoing process of Chinas post-pandemic economic recovery, much like many other nations, the worlds second-largest economy is faced with its share of challenges with ups and downs more frequently seen in its capital market in recent months.

Chinese officials on Wednesday vowed to swiftly carry out a plan to issue an additional 1 trillion yuan ($137 billion) in special treasury bonds in the fourth quarter, which marks only a few times in history that China has issued special treasury bonds, maintaining that such a move will help further consolidate the positive recovery trend of the Chinese economy, while ensuring the countrys debt level is still controllable.