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Frustrated by three years of restrictions, Chinese travellers flew further afield and in far greater numbers than at any time since 2019The travel bonanza will have given a welcome boost to consumption as Chinese holidaymakers tend to spend big, according to a tourism analyst
China's factory activity unexpectedly contracted for the first time in four months in April, indicating that the foundation of the country's post-pandemic recovery is not yet solid and underscoring the need for greater policy support to boost domestic demand, analysts said on Sunday.
While China-Europe relations are at a crossroads amid “decoupling” calls and instigations by the US, there are multiple signs that bilateral economic ties are embarking on fast-track development, with dialogues restarting in various sectors and two-way high-level visits resuming in recent days.
China's GDP growth rebounded to a stronger-than-expected 4.5 percent year-on-year target in the first quarter of this year after reaching 2.9 percent in the last quarter of 2022, pointing to a steady rebound amid the gradual normalization of production, data from the National Bureau of Statistics showed on Tuesday.
China’s economic recovery depends on a lasting rebound in the real estate sector, which remains fragile as cautious households and a shrinking population curtail demand.