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Economists advised China to adopt a more proactive fiscal policy, increase government spending and take greater steps to bolster consumption, as the economy may encounter strong headwinds during the lingering COVID-19 pandemic.
Meanwhile, Statistics Canada says the jobless rate fell in April to another record low.
HONG KONG: Travel and tourism spending plunged during China's Labour Day holiday due to coronavirus lockdowns and restrictions rolled out across the country, with the "situation unlikely to improve materially in May", analysts said.
Growing public ire over lockdown restrictions is being recorded via NFTs.
China: an empire of debt on The Spectator Australia | ‘China is building an empire on debt,’ said Mark Steyn, of GB News. He is correct. Australia’s Pacific…