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The Haikou duty-free shopping complex in South China’s Hainan Province, the world’s largest stand-alone duty-free shop, opened on Friday, another signature project added to the construction of the Hainan Free Trade Zone which will help further boost consumption and promote high-level opening-up.
With Chinese people preparing to embrace the National Day and enjoy the Golden Week holiday that runs from October 1 to 7, local governments are taking more measures to boost the holiday economy while at the same time fighting against COVID-19. Analysts said that even though some Western media have badmouthed China's economy by smearing the country's COVID-19 prevention measures, the resilience of the Chinese economy and remarkable recovery expectations ahead remain unchanged, with Chinese people having full confidence in the country's prospects.
From urging the start of construction projects to creating a preferential policy environment for new-energy vehicle (NEV) development, China's National Development and Reform Commission (NDRC) has unveiled a basket of policies to further propel the economy as pressure lingers.
Chinese health officials on Thursday encouraged the public stay put or reduce out-of-town trips during what’s normally knowns as a golden period of tourism in the country. However, the anti-COVID-19 moves has not dampened consumers’ enthusiasm for the holidays, as bookings for local tourism soared.
Electricity supply for general businesses and industrial production has fully resumed in Southwest China’s Sichuan Province, with the exception of some high energy-consuming enterprises. With the power shortage continually easing, all industrial production will resume soon and the temporary electricity shortage will have limited impact on the nation’s overall industrial output for the year, experts said.