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China’s Golden Week holiday a driver for domestic growth, global recovery amid COVID-19

Travellers visit Yangchenghu Expressway Service Area along the Shanghai-Nanjing Expressway in Suzhou, Jiangsu Province (Xinhua-Li Bo)
Travellers visit Yangchenghu Expressway Service Area along the Shanghai-Nanjing Expressway in Suzhou, Jiangsu Province (Xinhua-Li Bo)

Xinhua | 09-Oct-2020 | By Zeng Yan

“In any year, the outlay of the weeklong holiday is a closely watched barometer of the country’s economic health,” The New York Times reported, noting that this year’s holiday offered “the clearest measure yet of China’s recovery from the pandemic.” Continue reading “China’s Golden Week holiday a driver for domestic growth, global recovery amid COVID-19”

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Shenzhen to give out 10 million yuan ‘gift money’ in “digital” RMB

Luohu District, Shenzhen, China [VCG]
Luohu District, Shenzhen, China [VCG]
CGTN | 09-Oct-2020

Shenzhen said Thursday it is launching a pilot program with the Chinese central bank to distribute a total of 10 million yuan in digital RMB to the public to stimulate consumption and domestic demand as well as to conduct a routine test of the digital currency. Continue reading “Shenzhen to give out 10 million yuan ‘gift money’ in “digital” RMB”