China's economy: Positive outlook amid Labor Day holiday boom
CGTN, 29 Apr 2023
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China's economy -and the daily grind for most Chinese - have bounced back, with a good start in the first quarter of 2023. That was the consensus during the meeting of the Political Bureau of the Communist Party of China Central Committee on April 28. The meeting also noted that the triple pressure of shrinking demand, supply shocks and weakening expectations has eased, with economic growth better than expected. Next, China will seek to deepen reforms and opening-up, and expand domestic demand to keep the economic upswing. The upcoming Labor Day holiday is expected breathe new life into the tourism industry and create an expansion in the consumption market. So, what will it take to keep the momentum of China's rapid growth going? What are the pitfalls and challenges lying ahead?
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https://www.cgtn.com/video
China's economy -and the daily grind for most Chinese - have bounced back, with a good start in the first quarter of 2023. That was the consensus during the meeting of the Political Bureau of the Communist Party of China Central Committee on April 28. The meeting also noted that the triple pressure of shrinking demand, supply shocks and weakening expectations has eased, with economic growth better than expected. Next, China will seek to deepen reforms and opening-up, and expand domestic demand to keep the economic upswing. The upcoming Labor Day holiday is expected breathe new life into the tourism industry and create an expansion in the consumption market. So, what will it take to keep the momentum of China's rapid growth going? What are the pitfalls and challenges lying ahead?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
