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Shanghai enjoys ‘staycation’ Spring Festival boom

Spring Festival dancing at Haichang Ocean Park [SHINE]
Spring Festival dancing at Haichang Ocean Park [SHINE]
SHINE | 07-Feb-2022 | By Hu Min

Shanghai recorded 10.98 million visits by tourists during the seven-day Chinese Lunar New Year holiday, reaping a tourism revenue of 17.7 billion yuan (US$2.78 billion). Under the “staycation” trend, hotels in the city witnessed an accommodation boom by local residents during the holiday, as their average occupancy rate hit 40 percent, up 5 percentage points from the same period last year, according to the Shanghai Administration of Culture and Tourism. Continue reading “Shanghai enjoys ‘staycation’ Spring Festival boom”

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U.S. House passes competition act to take on China which U.S. has been criticizing China for

U.S. House passes competition act to take on China [CGTN-CFP]
U.S. House passes competition act to take on China [CGTN-CFP]
CGTN | 07-Feb-2022

The U.S. House of Representatives passed on Friday a multi-billion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing. The America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (America COMPETES) Act of 2022 seeks to bolster U.S. manufacturing and R&D, and reduce dependence on China for semiconductors. Continue reading “U.S. House passes competition act to take on China which U.S. has been criticizing China for”