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China's retail, catering sales jump in Lunar New Year staycation


By Reuters Staff
3 Min Read
(Reuters) - China’s retail and catering sectors enjoyed a bumper Lunar New Year holiday week, with revenues rising almost one-third from 2020 levels thanks to strong orders from staycationing consumers, the commerce ministry said on Wednesday.
FILE PHOTO: A girl eats cotton candy in a historic part of Beijing as China celebrates Lunar New Year of the Ox following an outbreak of the coronavirus disease (COVID-19), China, February 14, 2021. REUTERS/Thomas Peter
Sales by key retail and catering companies, including online, came in at 821 billion yuan ($127 billion) from Feb. 11-17, the Ministry of Commerce said. That was up 28.7% from the Lunar New Year holiday in 2020, when the coronavirus started to spread across China, and up 4.9% from 2019 levels. ....

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Chén jié Chinese Spring Festival & Lunar New Year


Chén jié Chinese Spring Festival & Lunar New Year
National
February 15, 2021
Chén jié Chinese Spring Festival is the time in China when nearly all Chinese nation heads towards railway stations, airports or bus depots. Most of them, who are away from their ancestral homes for education or jobs, return home to celebrate the festival with their parents and other loved ones in a befitting manner.
The Spring festival commences with the Chinese Lunar New Year and marks the departure of the outgoing year and welcoming the New Year. The history of this festival is over 4,000 years and is the most important annual festival for the Chinese. Festivities commence from the first day of the first month of the Chinese Lunar New Year and continue till the 15th. According to traditions, preparations for celebrating the festival begin from 23rd of the last month of the outgoing year. Governmental organizations and offices observe a week’s holiday, while educational instituti ....

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Tokyo Tower lit in red a beacon of hope amid pandemic


Tokyo Tower lit in red a beacon of hope amid pandemic
By Wang Ru |
chinadaily.com.cn |
Updated: 2021-02-15 10:44
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During the night of this year s Chinese Lunar New Year s Eve, the Tokyo Tower in Tokyo was lit in red, showing two Chinese characters meaning hope, in an effort to bring love, courage, warmth and hope to those who were still battling the COVID-19 pandemic.
This is the third time that the Tokyo Tower appeared red on the night of Chinese Lunar New Year s Eve. According to the Chinese Ambassador to Japan Kong Xuanyou, I believe winter will eventually pass, and people will beat the pandemic in the end. I hope the light from the Tokyo Tower will bring more confidence and power to both Chinese and Japanese people. ....

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Asia week ahead: Singapore's budget in the spotlight


4.3%
Forecast: As a percent of GDP Singapore s 2021 budget
Singapore s government announces the budget for FY21-22 next week on 16 February and after the huge stimulus around 19% of GDP this year, we expect next year to be a somewhat normal year for fiscal policy but that shouldn t be construed as reverting to a budget surplus that Singapore enjoyed for almost a decade. Not just yet.
To soften the blow of the pandemic, this led to a record deficit in FY20-21, estimated at over 15% of GDP but sustaining such a high level of deficit isn t going to be a feasible policy. ....

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