The Chinese economy gets the new year of holidays and shopping

Beijing: Slow local consumption in China got a week batch The new lunar year holidayWith both travel and retail sales, both offered a slight postponement of the cloud economy that faces a successive trade war in the United States.
The train stations and airports throughout the country were full of jam for weeks, as millions returned home for the period of celebrations in an annual migration, which is expected to be a record.
A spokeswoman for the Ministry of Commerce, a spokeswoman for the Ministry of Commerce, said on Thursday that the official data showed that there are 500 million local tourist trips during the eight -day holiday period.
This is a 5.9 percent jump from the same period last year, when travel numbers returned to prenatal levels.
Meanwhile, sales of “retail and catering services throughout the country increased by 4.1 percent compared to last year, Yongkien told reporters in Beijing.
The government has struggled to obtain an army of strong consumers in China to inject money into the economy as the real estate crisis is prolonged.
But last month, the policymakers expanded the support scheme for joint home appliances, from water purification devices and refrigerators to laptops and electric cars.
During the holidays, sales of home appliances and telecommunications equipment in the “main retail institutions” increased by more than 10 percent on an annual basis, according to the Ministry of Trade.
China recorded 5 percent growth in GDP last year, among the contract champions.
Beijing is likely to look at the same goal “about five percent” in 2025, but this can hinder the rising war threats.
On the weekend, US President Donald Trump announced additional definitions of 10 percent on all Chinese imports, as Beijing immediately returned with his own tariff, targeting coal and gas.