02/05/2020
People work at a construction site of a utility tunnel in Wuhan, central China’s Hubei Province, April 30, 2020. (Xinhua/Xiao Yijiu)
BEIJING, May 1 (Xinhua) — China is getting the world’s largest workforce back to work as the nationwide battle against COVID-19 has secured major strategic achievements.
The unprecedented fight has nurtured new trends in the workplace. For example, more attention is being paid to public health and e-commerce to boost consumption and emerging sectors brought by new applications based on the country’s rapid new infrastructure development of 5G networks and data centers.
In this aerial photo taken on April 29, 2020, representatives of frontline health workers fighting COVID-19 attend a bell-ringing ceremony at the Yellow Crane Tower, or Huanghelou, a landmark in Wuhan, central China’s Hubei Province. (Xinhua/Xiao Yijiu)
ANGELS OF PUBLIC HEALTH
Ye Man, head nurse of gastrointestinal department of Hubei General Hospital East District, one of the five remaining COVID-19 designated hospitals in Wuhan, is taking her first weeklong vacation since January.
The 34-year-old mother of two started to take a week off on Monday, one day after her hospital cleared all remaining confirmed COVID-19 patients. The nine ICU wards in her hospital had been kept occupied over the past several months.
Friday marked International Workers’ Day, and the start of China’s five-day public holiday. Ye said she planned to visit urban parks with her family during the holiday.
At her busiest point, she and her colleagues took care of a ward filled with 40 COVID-19 patients.
“It was a really tough time,” she recalled. She had to wear a protective gown and a mask for nine hours a day and be separated from her family to avoid possible cross-infections.
Wuhan, capital of central China’s Hubei Province and once hard hit by COVID-19, cleared all confirmed cases in hospitals on April 26. Over 42,000 medical workers mobilized nationwide to aid Hubei have contributed to achieving a decisive outcome in the fight to defend Hubei and Wuhan.
In an inspection tour to Wuhan on March 10, President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, lauded medical workers as “the most beautiful angels” and “messengers of light and hope.”
To reward brave and dedicated medics, major tourist sites in Hubei are offering free entry to medical staff over the following two years.
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, learns about development of the black fungus industry in Jinmi Village of Xiaoling Township in Zhashui County, Shangluo City, northwest China’s Shaanxi Province, April 20, 2020. (Xinhua/Xie Huanchi)
LIVESTREAMING ANCHORS
“We have a new batch of supplies today. Those who did not get the goods should hurry to buy now,” said Li Xuying, a livestreaming anchorwoman selling agaric mushrooms in Zhashui, a small county deep in the Qinling Mountains in northwest China’s Shaanxi Province.
Li has been prepared for a boom of online shopping in the holiday, because online buyers rushed to her livestreaming website to place orders, after Xi inspected the county and chatted with her in the village of Jinmi during a recent tour to Shaanxi.
“I used to sell goods worth about 50,000 yuan (7,070 U.S. dollars) on average after a six-hour livestreaming session. Now the sales are 10 times that,” she said.
Li was one of the 10 sales staff sent by the local agricultural e-commerce firm to Chinese e-commerce platform Taobao’s headquarters for livestreaming training. She said livestreaming is effective in bridging buyers and farmers, through which viewers can watch planting and harvesting online.
With the number of netizens in China reaching 904 million in March, e-commerce has been one of the popular means of promoting the sale of farm produce and helping farmers shake off poverty. Despite the impact of COVID-19, the country is determined to eradicate absolute poverty by the end of this year.
Workers work at the construction site of a 5G base station at Chongqing Hi-tech Zone in Chongqing, southwest China, April 15, 2020. (Xinhua/Wang Quanchao)
HI-TECH WORKERS IN “NEW INFRASTRUCTURE” BUILDING
As an elasticity calculation engineer of Alibaba Cloud, Zhao Kun and his colleagues always stay on alert for high data flow, for example, brought by the anticipated online shopping spike during the holiday.
“The profession, which may sound obscure, is actually closely connected to everyone’s life, as cloud computing is the infrastructure supporting high-tech applications of artificial intelligence and blockchain,” said Zhao.
The Chinese leadership has underscored expediting “new infrastructure” development to boost industrial and consumption upgrading and catalyze new growth drivers.
Seizing the opportunities of industrial digitization and digital industrialization, China needs to expedite the construction of “new infrastructure” projects such as 5G networks and data centers, and deploy strategic emerging sectors and industries of the future including the digital economy, life health services and new materials, President Xi has said.
During the epidemic, Zhao and his colleagues expanded more than 100,000 cloud servers to ensure the stable operation of “cloud classrooms” and “cloud offices” for millions of people working and studying from home.
In the “new infrastructure” building, people like Zhao contribute to constructing the virtual infrastructure of an ecosystem, which enables e-commerce, e-payment, online teaching and the digital transformation of manufacturing and supply chain management.
In early April, China released a plan on promoting the transformation of enterprises toward digitalization and intelligence by further expanding the application of cloud and data technologies, to nurture new business models of the digital economy.
Source: Xinhua
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01/05/2020
-China will embrace an opportunity for tourism and consumption in the upcoming International Labor Day holiday under regular epidemic prevention and control.
-Among comprehensive prevention and control measures during the holiday, tours to all of Shanghai’s top tourist attractions should be reserved to avoid gatherings of people.
-Internet technologies have also empowered tourism with online booking, live-streaming sessions and “cloud tourism.”
By Xinhua writers Chen Aiping, Sun Wenji
SHANGHAI, April 30 (Xinhua) — The upcoming five-day International Labor Day holiday will be an opportunity for tourism and consumption since China entered the phase of regular epidemic prevention and control.
The number of domestic trips to be made in the holiday is estimated to be over twice the number of that made in the three-day Tomb-sweeping Day holiday in April, said major online travel agencies in China.
How will the country guarantee healthy and safe travels while boosting tourism and consumption in the holiday?
Tourists visit the Yellow Crane Tower in Wuhan, central China’s Hubei Province, April 29, 2020. Wuhan’s landmark Yellow Crane Tower partly reopened to the public on Wednesday. For the time being, there is still a visitor number limit and online booking is needed. (Xinhua/Xiao Yijiu)
BOOMING RESERVATIONS
Among comprehensive prevention and control measures during the holiday, tours to all of Shanghai’s top tourist attractions should be reserved to avoid gatherings of people.
“Safety comes first,” said Yu Xiufen, head of the Shanghai Municipal Administration of Culture and Tourism.
The city, with 84 major tourist attractions and over 5,200 hotels reopened, will be the largest tourist destination as well as the largest tourist source for the holiday, according to booking data from Trip.com Group.
However, reopened tourist sites should receive no more than 30 percent of their daily or real-time visitor capacity, according to a circular jointly released by China’s Ministry of Culture and Tourism and the National Health Commission on April 13.
People enjoy themselves at the Shanghai Happy Valley in east China’s Shanghai Municipality April 5, 2020. (Shanghai Happy Valley/Handout via Xinhua)
“Better travel planning is needed if you don’t want to gather inside the attractions or outside waiting for entry,” said Zheng Bing, a 33-year-old visitor who has booked trips to Zhujiajiao Old Town and Shanghai Happy Valley for her family.
“I can book through the attractions’ official online channels or call them with the required information for a limited number of family members, and check the real-time passenger flow on the WeChat accounts of the Shanghai Municipal Administration of Culture and Tourism,” she said, adding that nearly 200 attractions, museums, art galleries and public cultural centers have launched booking access through Visit Shanghai, an online platform with Shanghai’s cultural and tourism resources.
“In April, the number of tourists who made online bookings increased by 300 percent from March,” said Yu Xiaojiang with Trip.com Group, noting that over 4,000 tourist attractions in China have launched online booking access.
“Nearly 2,000 visitors have booked for May 1, marking the largest daily volume during the holiday. We will take more precise epidemic prevention measures,” said Zhao Shuai, marketing director of Shanghai Happy Valley.
PREPARED DESTINATIONS
China has urged the safe and orderly opening of tourist sites across the country, noting that efforts should be made to control passenger flows, prevent the gatherings of crowds, implement reservation systems and raise public awareness of epidemic prevention and control.
China’s resort island Hainan Province recently announced 20 specific epidemic-control measures in tourism, transportation, dining and shopping sectors while launching holiday promotions to boost consumption.
A customer tries out a pair of sunglasses at a duty-free experience shop in a resort in Sanya, south China’s Hainan Province, April 15, 2020. (Xinhua/Pu Xiaoxu)
“Tourists are required to wear masks, show their health codes and have their temperature checked. All the sales staff are required to wear masks and gloves,” said Zhang Ke, an employee with a duty-free shop in downtown Haikou, capital of Hainan.
One-meter bars were set at the shop’s sales counters and sanitizers were provided, while staff will keep customer flows at a safe distance and disinfect public areas regularly every day, Zhang said.
Over 85 percent of hotels across China have resumed operations, according to Tongcheng-eLong, another online travel agency giant. Over 110,000 hotel suppliers have joined the Safety Hotel Initiative of Tongcheng-eLong in adopting more safety measures, including disinfecting public areas and popularizing coronavirus control knowledge.
In popular destinations such as Shanghai, Yunnan and Hainan, restaurants are encouraged to serve separate dishes. In Shanghai, some 30 percent of restaurants now offer separate dishes for diners.
Tourists will also shoulder more responsibilities with better travel plans and behavior, said He Jianmin, an expert with Shanghai University of Finance and Economics.
INTERNET EMPOWERMENT
“Epidemic-control measures including online booking are also important for ensuring the tourism sector’s high-quality long-term development,” said Zhao Shuai, adding that China will eye booming smart tourist attractions empowered by Internet technologies.
5G infrared thermal imaging temperature measurement has been implemented in public areas including metro stations, commercial centers, airports and train stations in Shanghai and many other cities to monitor people’s body temperature.
A visitor receives body temperature check at the entrance of Shanghai Museum in east China’s Shanghai Municipality, March 13, 2020. (Xinhua/Ren Long)
The Old Town of Lijiang in southwest China’s Yunnan Province implemented a big data system to monitor passenger flows and prevent the gathering of crowds.
Although group tours across provinces were still suspended, online consumption for tourism boosted.
Shanghai has taken measures to promote the recovery of epidemic-hit culture and tourism, and exhibitions, cooking competitions and tours have been held online. Trip.com Group said its sales of travel products had reached 200 million yuan (28.33 million U.S. dollars) in seven recent livestreaming sessions as of Wednesday.
Tour guide Zeng Hongjuan (R) introduces an exhibit via livestreaming on a cellphone platform at the Beijing Auto Museum in Beijing, capital of China, April 30, 2020. Livestreaming shows for this auto museum will be staged from April 30 to May 3 for the upcoming International Labor Day holidays. (Xinhua/Ren Chao)
Scenic spots in Yunnan have cooperated with video platforms to livestream their natural beauty to attract more tourists.
“Go-Yunnan,” an online travel platform, has launched more than 1,400 live feeds allowing people to enjoy the beautiful scenery of Yunnan from home.
“Online tourism, or ‘cloud tourism,’ as a new mode of tourism, helps scenic spots attract more tourists and aids the recovery of Yunnan’s tourism industry,” said Yang Wenwen, head of the platform’s content operation. “I expect ‘cloud tourism’ to drive the future upgrading of China’s tourism industry.”
The number of netizens in China had reached 904 million as of March 2020 and 897 million of them access the Internet through mobile phones, according to the China Internet Network Information Center.
Source: Xinhua
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28/04/2020
BEIJING (Reuters) – China’s factory activity likely rose for a second straight month in April as more businesses re-opened from strict lockdowns implemented to contain the coronavirus outbreak, which has now paralysed the global economy.
The official manufacturing Purchasing Manager’s Index (PMI), due for release on Thursday, is forecast to fall to 51 in April, from 52 in March, according to the median forecast of 32 economists polled by Reuters. A reading above the 50-point mark indicates an expansion in activity.
While the forecast PMI would show a slight moderation in China’s factory activity growth, it would be a stark contrast to recent PMIs in other economies, which plummeted to previously unimaginable lows.
That global slump, caused by heavy government-ordered lockdowns, as well as the cautious resumption of business in China, suggests any recovery in the world’s second-largest economy is likely to be some way off.
“The recovery so far has been led by a bounce-back in production, however, the growth bottleneck has decisively shifted to the demand side, as global growth has weakened and consumption recovery has lagged amid continued social distancing,” Morgan Stanley said in a note.
“The expected slump in external demand has likely capped further recovery in industrial production.”
The latest official data showed 84% of mid-sized and small business had reopened as of April 15, compared with 71.7% on March 24.
Hobbled by the coronavirus, China’s economy shrank 6.8% in the first quarter from a year earlier, the first contraction since current quarterly records began.
That has left Chinese manufacturers with reduced export orders and a logistics logjam, as many exporters grapple with rising inventory, high costs and falling profits. Some have let workers go as part of the cost-cutting efforts.
A China-based brokerage Zhongtai Securities estimated that the country’s real unemployment rate, measured using international standards, could exceed 20%, equal to more than 70 million job losses and much higher than March’s official reading of 5.9%.
Sheng Laiyun, deputy head at the statistics bureau, said on Sunday migrant workers and college graduates are facing increasing pressures to secure jobs, while official jobless surveys show nearly 20% of employed workers not working in March.
Chinese authorities have rolled out more support to revive the economy. The People’s Bank of China earlier in April cut the amount of cash banks must hold as reserves and reduced the interest rate on lenders’ excess reserves.
Source: Reuters
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25/04/2020
KUNMING, April 25 (Xinhua) — Kunming, capital of southwest China’s Yunnan Province announced Friday it will issue e-vouchers worth 100 million yuan (about 14.12 million U.S. dollars) to promote consumption.
According to the Kunming Municipal Bureau of Commerce, the e-vouchers can be used for consumption in tourism, catering, and sports. The city will also issue special e-vouchers to groups of needy people.
The e-vouchers will be issued through an app online from April 28 to 30. Citizens can use the e-vouchers from May 1 to 31.
Industries in the city including tourism, catering and sports were seriously affected by the COVID-19 epidemic in the last few months.
Source: Xinhua
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12/04/2020
- Between January 20 and April 4, PM2.5 levels across the country fell by more than 18 per cent, according to the environment ministry
- But observers say that as soon as the nation’s factories and roads get back to normal, so too will the air pollution levels
Blue skies were an unexpected upside of locking down cities and halting industrial production across China. Photo: AFP
China’s air quality has improved dramatically in recent weeks as a result of the widespread city lockdowns and strict travel restrictions introduced to contain the
. But experts say the blue skies could rapidly disappear as factories and roads reopen under a government stimulus plan to breathe new life into a stalled economy.
According to the Ministry of Ecology and Environment, between January 20 and April 4 the average concentration of PM2.5 – the tiny particles that pose the biggest risk to health – fell by 18.4 per cent from the same period of last year.
Meanwhile, the average number of days with good air quality – determined as when the air pollution index falls below 100 – rose by 7.5 per cent, it said.
Satellite images released by Nasa and the European Space Agency showed a dramatic drop in nitrogen dioxide emissions in major Chinese cities in the first two months of 2020, compared with a year earlier.
According to Nasa, the changes in Wuhan – the central China city at the epicentre of the initial coronavirus outbreak – were particularly striking, while nitrogen dioxide levels across the whole of eastern and central China were 10 to 30 per cent lower than normal.
The region is home to hundreds of factories, supplying everything from steel and car parts to microchips. Wuhan, which has a population of 11 million, was placed under lockdown on January 23, but those
restrictions were lifted on Wednesday
.
Air pollution is likely to return to China’s cities once the lockdowns are lifted. Photo: Reuters
Nitrogen dioxide is produced by cars, power plants and other industrial facilities and is thought to exacerbate respiratory illnesses such as asthma.
The space agency said the decline in air pollution levels coincided with the restrictions imposed on transport and business activities.
That was consistent with official data from China’s National Development and Reform Commission, which recorded a 25 per cent fall in road freight volume and a 14 per cent decline in the consumption of oil products between January and February.
Guangzhou cases prompt shutdown in ‘Little Africa’ trading hub
Liu Qian, a senior climate campaigner for Greenpeace based in Beijing, said the restrictions on industry and travel were the primary reasons for the improvement in air quality.
According to official data, in February, the concentrations of PM2.5, nitrogen dioxide and sulphur dioxide – a toxic gas that comes mostly from industrial burning of coal and other fossil fuels – all fell, by 27 per cent, 28 per cent and 23 per cent, respectively.
“The causes of air pollution are complicated, but the suspension of industrial activity and a drop in public transport use will have helped to reduce levels,” Liu said.
As the epicentre of the Covid-19 pandemic has shifted to the
United States and
, human and industrial activity in China is gradually picking back up, and so is air pollution.
Lauri Myllyvirta, lead analyst with the Centre for Research on Energy and Clean Air in Helsinki, said that levels of nitrogen dioxide pollution, measured both by Nasa satellites and official stations in China, started inching back up in the middle of March and had returned to normal levels by the end of the month.
That coincided with the centre’s findings – published on Carbon Brief, a British website on climate change – that coal consumption at power plants and oil refineries across China returned to their normal levels in the fourth week of March.
How the Wuhan experience could help coronavirus battle in US and Europe
Ma Jun, director of the Institute of Public & Environmental Affairs, a Beijing-based charity, said a stimulus plan to kick-start the economy would have a significant impact on air pollution.
“Once industrial production is fully resumed, so are the emission levels,” he said. “Unless another outbreak happens and triggers another lockdown, which would be terrible, the improvement achieved under the pandemic is unstable and won’t last long.”
After the 2008 financial crisis, Beijing launched a 4 trillion yuan (US$567.6 billion) stimulus package that included massive infrastructure investment, but also did huge damage to the environment. In the years that followed, air pollution rose to record highs and sparked a public backlash.
Even before the
Covid-19 outbreak, China’s economy was slowing – it grew by 6.1 per cent in 2019, its slowest for 29 years – and concerns are now growing that policymakers will go all out to revive it.
“Local governments have been under huge pressure since last year, and there are fears that environmental regulations will be sidelined [in the push to boost economic output],” Ma said.
But Beijing had the opportunity to get it right this time by investing more in green infrastructure projects rather than high-carbon projects, he said.
“A balance between economic development and environmental protection is key to achieving a green recovery, and that is what China needs.”
Source: SCMP
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09/04/2020
TOKYO (Reuters) – Uncertainty over Japan’s economic outlook is “extremely high” as the coronavirus pandemic hits output and consumption, central bank Governor Haruhiko Kuroda said, stressing his readiness to take additional monetary steps to prevent a deep recession.
While aggressive central bank actions across the globe have eased financial market tensions somewhat, corporate funding strains were worsening, Kuroda told a quarterly meeting of the Bank of Japan’s regional branch managers on Thursday.
“The spread of the coronavirus is having a severe impact on Japan’s economy through declines in exports, output, demand from overseas tourists and private consumption,” he said.
Japan recorded 503 new coronavirus infections on Wednesday – its biggest daily increase since the start of the pandemic – as a state of emergency took effect giving governors stronger legal authority to urge people to stay home and businesses to close.
In contrast to stringent lockdowns in some countries, mandating fines and arrests for non-compliance, enforcement will rely more on peer pressure and a deep-rooted Japanese tradition of respect for authority.
The balancing act underscores the difficulty authorities have in trying to contain the outbreak without imposing a mandatory lockdown that could deal a major blow to an economy already struggling to cope with the virus outbreak.
Hideaki Omura, the governor of the central Japan prefecture of Aichi, said he would declare a state of emergency for his prefecture on Friday.
Omura said Aichi, which includes the city of Nagoya and hosts Toyota Motor Corp, was talking with the central government about being included in the national state of emergency as well, but felt he could not wait any longer to restrict movement.
“Looking at things the past week and watching the situation – the rise in patients, the number without any traceable cause – we judged that it was a very dangerous situation and wanted to make preparations,” he told a news conference.
Even with less stringent restrictions compared with other countries, analysts polled by Reuters expect Japan to slip into a deep recession this year as the virus outbreak wreaks havoc on business and daily life.
Shares of Oriental Land Co (4661.T) fell on Thursday after the operator of Tokyo Disneyland said it would keep the amusement park shut until mid-May.
Entertainment facility operator Uchiyama Holdings (6059.T) said it was closing 43 karaoke shops and 11 restaurants until May 6.
“For the time being, we won’t hesitate to take additional monetary easing steps if needed, with a close eye on developments regarding the coronavirus outbreak,” Kuroda said.
Kuroda’s remarks highlight the strong concern policymakers have over the outlook for Japan’s economy and how companies continue to struggle to generate cash, despite government and central bank promises to flood the economy with funds.
At its policy meeting later this month, the BOJ is likely to make a rare projection that the world’s third-largest economy will shrink this year, sources have told Reuters.
The BOJ eased monetary policy in March by pledging to boost purchases of assets ranging from government bonds, commercial paper, corporate bonds and trust funds investing in stocks.
The government also rolled out a nearly $1 trillion stimulus package to soften the economic blow.
Source: Reuters
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29/03/2020
WUHAN, China (Reuters) – The growing number of imported coronavirus cases in China risked fanning a second wave of infections at a time when “domestic transmission has basically been stopped”, a spokesman for the National Health Commission said on Sunday.
“China already has an accumulated total of 693 cases entering from overseas, which means the possibility of a new round of infections remains relatively big,” Mi Feng, the spokesman, said.
In the last seven days, China has reported 313 imported cases of coronavirus but only 6 confirmed cases of domestic transmission, the commission’s data showed.
There were 45 new coronavirus cases reported in the mainland for Saturday, down from 54 on the previous day, with all but one involving travelers from overseas.
Most of those imported cases have involved Chinese returning home from abroad.
Airlines have been ordered to sharply cut international flights from Sunday. And restrictions on foreigners entering the country went into effect on Saturday.
Five more people died on Saturday, all of them in Wuhan, the industrial central city where the epidemic began in December. But Wuhan, the capital of Hubei province, has reported only one new case on the last 10 days.
A total of 3,300 people have now died in mainland China, with a reported 81,439 infections.
Saturday marked the fourth consecutive day that Hubei province recorded no new confirmed cases. The sole case of domestically transmitted coronavirus was recorded in Henan province, bordering Hubei.
With traffic restrictions in the province lifted, Wuhan is also gradually reopening borders and restarting some local transportation services.
“It’s much better now, there was so much panic back then. There weren’t any people on the street. Nothing. How scary the epidemic situation was,” a man, who gave his surname as Hu, told Reuters as he ventured out to buy groceries in Wuhan.
“Now, it is under control. Now, it’s great, right?”
All airports in Hubei resumed some domestic flights on Sunday, with the exception of Wuhan’s Tianhe airport, which will open to domestic flights on April 8. Flights from Hubei to Beijing remain suspended.
A train arrived in Wuhan on Saturday for the first time since the city was placed in lockdown two months ago. Greeting the train, Hubei Communist Party Secretary Ying Yong described Wuhan as “a city full of hope” and said the heroism and hard work of its people had “basically cut off transmission” of the virus.
More than 60,000 people entered Wuhan on Saturday after rail services were officially restarted, with more than 260 trains arriving or travelling through, the People’s Daily reported on Sunday.
On Sunday, streets and metro trains were still largely empty amid a cold rainy day. Flashing signs on the Wuhan Metro, which resumed operations on Saturday, said its cars would keep passenger capacity at less than 30%.
The Hubei government on Sunday said on its official WeChat account that a number of malls in Wuhan, as well as the Chu River and Han Street shopping belt, will be allowed to resume operations on March 30.
Concerns have been raised that a large number of undiagnosed asymptomatic patients could return to circulation once transport restrictions are eased.
China’s top medical adviser, Zhong Nanshan, played down that risk in comments to state broadcaster CCTV on Sunday. Zhong said asymptomatic patients were usually found by tracing the contacts of confirmed cases, which had so far shown no sign of rebounding.
With the world’s second-biggest economy expected to shrink for the first time in four decades this quarter, China is set to unleash hundreds of billions of dollars in stimulus.
The ruling Communist Party’s Politburo called on Friday for a bigger budget deficit, the issuance of more local and national bonds, and steps to guide interest rates lower, delay loan repayments, reduce supply-chain bottlenecks and boost consumption.
Source: Reuters
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19/03/2020
NANJING, March 19 (Xinhua) — Chinese cities are encouraging residents to dine out and shop with measures such as handing out e-vouchers to boost consumption sectors hit hard by the novel coronavirus outbreak.
Like many living in the eastern city of Nanjing, Wang Linlin was waked up by her alarm clock at midnight and with a few clicks on her cellphone, she was ready to meet her luck of the draw: getting a meal voucher worth 100 yuan (about 14.2 U.S. dollars).
“I’ve always been thinking about hanging out and having hotpot with my friends after the epidemic, so getting a voucher would be great,” Wang said.
Nanjing has been giving out vouchers worth 318 million yuan to its residents since Sunday. People are invited to participate in lotteries for e-vouchers which can be used in restaurants, gymnasiums, bookshops as well as tourist spots, helping the service sector bounce back.
The voucher bonus has been well received as more than 1.6 million local citizens have registered for the lotteries as of Monday, according to the Nanjing Big Data Administration Bureau.
Besides Nanjing, many other regions have also been taking similar actions.
Macao gives out vouchers totaling 2.2 billion patacas (about 275 million U.S. dollars) to its residents. The city of Ningbo in east China’s Zhejiang Province is issuing consumption vouchers worth 100 million yuan while the city of Jinan, east China’s Shandong Province, is handing out vouchers worth 20 million yuan to stimulate spending on tourism and culture.
Due to the coronavirus outbreak, Chinese customers have shied away from restaurants and shopping malls. China’s retail sales of consumer goods, a major indicator of consumption growth, declined 20.5 percent year on year in the first two months of this year, according to the National Bureau of Statistics.
“People are more willing to dine out with the vouchers, which can boost confidence in the catering sector and finally get the economy back on track,” said Shen Jiahua, chairman of a chain restaurant company in Nanjing.
After the coronavirus outbreak ends, people are eager to spend generously. According to a survey conducted by the Jiangsu consumers council, nearly 90 percent of the respondents expressed suppressed consumption desire.
Restaurants, shopping malls, movie theaters, gymnasiums and tourist spots are the top five destinations for consumers to unleash their spending spree after normal life resumes, the survey showed.
Local officials across China have been taking the lead in recent days in patronizing restaurants and shopping malls, hoping to use their appearances in public to persuade more residents to go outside.
In provinces such as Jiangsu, Anhui, and Jiangxi, government notices have urged officials to dine out and go shopping to help related businesses through the epidemic period.
“Government officials are using their actions to convey confidence and support work resumption and consumer spending,” commented a Chinese netizen.
Source: Xinhua
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24/02/2020
BEIJING, Feb. 24 (Xinhua) — The Standing Committee of the National People’s Congress, or China’s top legislature, during a session Monday adopted a decision on thoroughly banning the illegal trading of wildlife and eliminating the consumption of wild animals to safeguard people’s lives and health.
The move aims to safeguard biological and ecological security and effectively prevent major public health risks, among other purposes.
The consumption of terrestrial wild animals “of important ecological, scientific and social value” that are under state protection, as well as other terrestrial wild animals, including those that are bred or reared in captivity, shall be thoroughly prohibited, according to the decision.
The hunting, trading and transportation of terrestrial wild animals that naturally grow and breed in the wild for the purpose of consumption shall also be completely prohibited.
The decision stipulates that illegal consumption and trade of wildlife shall be severely punished.
Those who, in violation of the law on the protection of wildlife and other relevant laws and regulations, hunt, trade, transport or eat wild animals shall be given heavier penalties on the basis of existing laws and regulations, according to the decision.
Acts of consuming wild animals illegally and of hunting, trading or transporting wild animals for the purpose of consumption, which are newly covered by the decision, shall entail punishment applicable to similar acts covered by China’s existing laws, including the law on the protection of wildlife.
The decision also stipulates that the use of wild animals for non-edible purposes, including scientific research, medical use and display, shall be subject to strict examination, approval and quarantine inspection procedures in accordance with relevant regulations.
The decision demands governments of various levels strengthen supervision and inspection, and strictly investigate and punish violations of this decision and relevant laws and regulations.
Illegal business sites and illegal business operators shall be banned or shut down in accordance with laws, according to the decision.
The decision takes effect on the day of its promulgation.
Source: Xinhua
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01/02/2020
NEW DELHI (Reuters) – India sought to boost growth in a federal budget on Saturday that raised spending on farms and expressways and offered cuts in personal taxes, but the measures fell short of market expectations and battered stocks.
Prime Minister Narendra Modi’s government is grappling with the country’s worst slowdown in a decade, with falling employment, consumption and investment ratcheting up the pressure to revive growth.
The government estimates growth this year to March 31 will slip to 5%, the weakest pace since the global financial crisis of 2008-09. It also warned an expected rebound the following year might entail a blow-out in fiscal deficit targets.
Finance Minister Nirmala Sitharaman, presenting the budget for the financial year beginning April 1, said 2.83 trillion rupees ($39.8 billion) will be allocated toward agriculture and allied activities, up 5.6 percent on the previous year.
The funds will be deployed to help farmers set up solar power generation units as well as establish a national cold storage system to transport perishables.
Sitharaman also vowed to spend $50.7 billion in coming years on a federal water scheme to address challenges facing one of the world’s most water-stressed nations.
Agriculture accounts for near 15% of India’s $2.8 trillion economy and is a source of livelihood for more than half of the country’s 1.3 billion population.
Sitharaman announced a new personal tax system including cuts for those ready to give up a myriad of tax breaks. She also abolished payment of dividend distribution tax by companies to spur investment.
“People have reposed faith in our economic policy,” Sitharaman said to the thumping of desks in parliament. “This is a budget to boost their income and enhance their purchasing power.”
Opposition parties slammed the budget, saying it had failed to address the slowdown in consumer demand and investment. “The government is in complete denial that the economy faces a grave macro economic challenge,” said former finance minister P. Chidambaram.
But higher government spending has put pressure on public finances, prompting caution from rating agencies. Sitharaman said the fiscal deficit for the current year would widen to 3.8% of GDP, up from 3.3% targeted for the current year.
Gene Fang, associate managing director, sovereign risk at Moody’s, said: “India’s 2020/21 budget highlights the challenges to fiscal consolidation from slower real and nominal growth, which may continue for longer than the government forecasts.”
GOVERNMENT SPENDING
For fiscal 2020/21 Sitharaman set the fiscal deficit at 3.5 percent. Moody’s said India’s government debt is already significantly higher than the average for Baa-rated sovereigns, a product of persistent fiscal deficits.
To help finance government spending, Sitharaman set a target for selling stakes in state firms at 2.1 trillion rupees for 2020/21, more than three times the amount expected this year.
She said the government will sell a part of its holding in state-run Life Insurance Corp, the country’s biggest insurance company.
But many experts said the measures did not go far enough to address the slowdown and structural flaws.
“In a normal scenario this budget would have been considered as good providing tax benefit to the common man, corporate and focus on farmers’ incomes, but the situation required more,” said Vinod Nair, head of research at Geojit Financial Services in Kochi.
Indian shares slid to a more than three-month low after a special trading session on Saturday, dented by what analysts said was a lack of sufficient stimulus measures. The NSE Nifty 50 index .NSEI closed 2.5% lower while the benchmark S&P BSE Sensex .BSESN fell 2.4%
“Markets had very high expectations from the budget … these expectations have not been met,” said Deepak Jasani of HDFC Securities.
The government also announced higher duties on a host of imports from walnuts to phone parts. Taxes on imports of pre-assembled printed circuit boards were raised to 20% from 10% and there were new taxes on mobile phones ringers and display panels in a bid to boost local manufacturing.
In its annual economic report released on Friday the government predicted growth would rebound to 6.0% to 6.5% in the fiscal year beginning April 1.
Some economists say global trade tensions and the outbreak of coronavirus in China pose a new risk to economic recovery by hitting cross-border commerce and supply chains.
Source: Reuters
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CHINDIA ALERT: You'll be living in their world, very soon 