The Chinese New Year injects warmth into the world economy

Mondo Finance Updated on 2024-02-20

Original title: Xinhua News Agency Economic Essay: Chinese New Year, injecting warmth into the world economy.

Xinhua News Agency, Beijing, Feb. 19.

Xinhua News Agency reporters Wei Yukun, Pan Jie, Wang Yueyang.

The Spring Festival is the most solemn festival for the Chinese people, and it is also an important window to observe China's economic development.

This year, the Chinese New Year, which has a history of thousands of years, is included as a United Nations holiday. The fireworks in the land of China are rising, and the "hundred flowers blooming" are busy in spring, which also injects warmth into the current world economy with weak recovery.

This warmth comes from the attractiveness of China's large market.

Look at the bustle of stations and airports, and the "crowd" drives "popularity", converging into a long scroll of mobile China; Seeing that the hotel restaurants are lively and busy, there is a long queue at the door, and the private room is "hard to find"; Seeing the vitality of the cultural tourism market heating up, tickets for popular scenic spots and museums are hard to find, and cinemas and theaters are full.

During the Spring Festival holiday in the Year of the Dragon, the box office of Spring Festival movies exceeded 8 billion yuan for the first time, and the average daily delivery volume of the express delivery industry increased by 82 compared with the Spring Festival holiday in 20231%, the number of domestic tourism trips increased by 34% year-on-year3%, a number of indicators exceeded the level of the same period in 2019. Germany's "Frankfurter Review" pointed out that people's willingness to go out to eat, shop and travel during the Spring Festival has increased significantly, and holiday consumption demand has been fully released.

The Chinese New Year consumption boom has swept not only in China, but also around the world. Coca-Cola released a special edition of the Year of the Dragon with the Golden Dragon logo in Vietnam, and cross-border e-commerce companies such as Amazon have put on the shelves various dragon decorations with dragon elements such as red envelopes and window flowers, looking forward to capturing the new business opportunities brought by the Spring Festival.

The market is a scarce resource in today's world. The super-large market with a population of more than 1.4 billion is both Chinese and global. In the new year, the world's second-largest economy invites countries to visit the beautiful scenery.

The "return" of Chinese tourists has greatly boosted the confidence of the world's tourism industry. Following the announcement of visa facilitation policies with Malaysia in November last year, China signed visa exemption agreements with Singapore and Thailand in January this year, making China's outbound travel destinations more diversified. During the Spring Festival holiday, the average daily number of customs clearance at ports across the country reached 1.69 million, an increase of 2 compared with the same period of the Spring Festival in 20238 times, recovering to nearly ninety percent of the same period in the Spring Festival in 2019. Wu Mingyang, vice chairman of the Thai-Chinese Tourism Chamber of Commerce, said that the implementation of mutual visa exemption between China and Thailand has injected strong impetus into the recovery of Thailand's tourism industry.

Sharing the "cake" of China's large consumer market, China has the will and more to do. The U.S. Consumer News and Business Channel quoted JPMorgan Chase strategists as saying that China's view of "uninvestable" is very wrong, and investors still have opportunities in China.

This warmth comes from the development of the integration and symbiosis of humanity and economy.

From the popularity of "Longdundun", to the surging of New Year's markets, museums and intangible cultural heritage, the economy has been infiltrated with culture, and the traditional New Year customs have more sustenance. The Spring Festival economy, which has a stronger flavor of the year, continues to enrich the connotation of high-quality development.

The spire of the Empire State Building in New York is lit up with Chinese New Year-themed lights, the Palais des Nations in Geneva, Switzerland, is decorated with red lanterns, and Singapore's "Spring Arrives Riverside" dragon illuminations ...... glitterChinese New Year celebrations around the world are inspiring people to work hard with a more high-spirited outlook and start the new year with confidence.

Taking advantage of the Spring Festival, Chinese culture goes to the world. As the Secretary-General of the United Nations** and the Conference on Development, Reveca Greenspan, has said, the dragon is a symbol of strength, a better world and a better life, and the world needs this positive force now more than ever.

This warmth comes from China's sincerity in expanding high-level opening-up.

During the Spring Festival holiday, China-Europe freight trains and ocean freighters shuttle day and night, carrying electronic products, clothing and other "Made in China" to all over the world. Many foreign trade enterprises are racing against time, and during the festival, they will go to sea to run exhibitions, talk about business, expand markets, and overcome difficulties with international counterparts. The Latin American News Agency reported that China's footsteps to the outside world have not stopped.

People are diligent and spring comes early. The commerce department of Wenzhou, Zhejiang Province led more than 200 glasses companies to participate in the Milan International Optical Glasses Exhibition in Italy, and the economic and trade delegation of Hefei City, Anhui Province went to Thailand, the United Arab Emirates, Saudi Arabia and other countries to carry out economic and trade, foreign affairs and city promotion ......activitiesBefore and after the Spring Festival, many places organized foreign trade enterprises to "go out" and attract overseas customers to "come in", so as to promote international economic and trade cooperation to a new level.

As the largest country in terms of cargo and a major partner of more than 140 countries and regions, China has always tightened the ties of economic and trade cooperation with other countries and promoted mutual benefit and win-win results through openness and cooperation.

The market is "vigorous", the "account" is resilient, and the "human face" is hopeful - China's economy is booming in the New Year, which will release greater benefits to the world and prove to the world that "the next China is still China".

*:Xinhua.

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