China "winning global economic recovery" amid COVID-19: CNN analysis

Source: Xinhua| 2020-10-13 18:29:00|Editor: huaxia

China's economy is "hitting its stride again" as tourism and spending bounced back during the country's Golden Week holiday last week, according to an analysis on the CNN website on Sunday. Tourism revenue across China hit 466.56 billion yuan (69.7 billion U.S. dollars), 69.9 percent of that in the same period in 2019, according to the Ministry of Culture and Tourism. Tourist attractions nationwide received a total of 637 million visits during the holiday, accounting for 79 percent of visits during the holiday last year, according to the ministry. Even before the Golden Week holiday, China's economy had been picking up momentum. A raft of government policy measures, especially tax and fee reductions, have extended the economic recovery in the past few months, while speedy growth of new market entities have helped expand employment.