“The real estate sector is one of China’s pillar industries and there can’t be big ups and downs,” said Liu Guoqiang, a vice governor of the PBOC, at a press conference on Saturday.
China’s economic growth will accelerate next year as stimulus policies take effect, said Han Wenxiu, an official at the Communist Party of the Central Committee for Financial and Economic Affairs.
A total of 10,361 cinemas in China were in operation as of Saturday, accounting for 82.86% of the total, and according to data from Chinese ticketing platform Maoyan.
China’s annual Central Economic Work Conference was held in Beijing from Thursday to Friday as Chinese leaders decided on the priorities for the economic work in 2023, according to China’s official Xinhua News Agency.
China’s retail sales declined by 5.9% in November from a year earlier, according to the National Bureau of Statistics, weakening for the fourth consecutive month and compared to the 0.5% drop in the previous month.
China on Wednesday released a plan aimed at expanding domestic demand and bringing consumption and investment to a new level by 2035, as the world’s second largest economy struggles with COVID and weakening external demand.
The number of flights at Chinese capital city Beijing’s two airports is expected to reach 70% of 2019-level in the near future, North China Region Administration of the Civil Aviation Administration of China said on Sunday.
Mainland China is reportedly considering a trail program fro border reopening with Hong Kong as early as next month, and some say quarantine-free trips with purposes of public services and businesses likely to be resumed this month.
China said on Monday that a digital tool tracking cross-region travels will go out of service starting from Tuesday.
Several Chinese cities have taken measures, including issuing coupons, to boost consumer spending, aiming for a rapid consumption recovery after the country eased COVID-19 restrictions.
Chinese authorities may further soften their stance on real estate policies at its key economic meeting later this month, economist say.
