China's top economic planner vows to ramp up measures to secure growth

April 18, 2024

China’s top economic planner vows to ramp up measures to secure growth

China’s top economic planner, the National Development and Reform Commission (NDRC), announced a series of stimulus measures to further boost the economy as the country achieved a better-than-expected result of GDP growth of 5.3 percent in the first quarter, a reflection of the good start to the year and an indication of the stronger momentum ready to be unleashed.

Supportive efforts, including facilitating investment plans through the central budget and promoting additional treasury bond issuances, are part of the government work plan to consolidate growth for the rest of the year.

While there are lingering challenges, mainly due to a complicated external environment, inadequate demand and weak social expectations for the economy, the country’s economic development in the long-run remains solid with steady progress being made, thanks to the supportive polices and consumption upgrade among other factors, officials and experts said, defying the West’s “Peak China’ rhetoric on the Chinese economy.


Wuhan to host 9th Space Day of China as main venue

The China National Space Administration (CNSA) on Wednesday unveiled detailed plans for the upcoming Ninth Space Day of China. The event will fall on April 24 and Wuhan, capital of Central China’s Hubei Province will be the main venue.

Jointly organized by the Chinese Ministry of Industry and Information Technology, the CNSA, the Hubei Provincial Government, the Wuhan Municipal Government, and Wuhan University, the main events of this year’s Space Day in Wuhan would display to the world the impressive achievements China has accomplished in the last year, while offering clues about exciting future plans in the country’s ambitious quest to explore the universe.

In 2023, China carried out 67 successful orbital launches, setting a new historic record.


China to see rise in outbound tour for upcoming May Day holidays

China is expected to experience a surge in outbound tourism during the upcoming May Day holidays, as data from major online travel agencies show a rise in tour bookings. Experts said that the growth can be attributed to factors such as visa-free policies and rising demand for travel.

The travel popularity for the upcoming May Day holidays is steadily increasing compared to 2023, with a more significant growth in outbound and inbound travel bookings. Unlike the short-distance trips during the Qingming Festival, medium and long-distance travel will be the focus during the May Day holidays.

According to the report, the search popularity for domestic hotels and flights has slightly increased compared to 2023, while the search popularity for outbound flights has significantly increased by 56 percent year-on-year.

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