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China's progress on economic resumption on June 4

Updated: Jun 05,2020 06:50 AM    Xinhua

BEIJING — As it continues efforts to contain COVID-19, China is steadily reviving its economy. The following facts and figures indicate how the country is forging ahead in the economic sphere:

— The Civil Aviation Administration of China (CAAC) on June 4 adjusted policies for international passenger flights, allowing more foreign carriers to resume flights to China on a once-a-week basis starting from June 8.

Foreign airlines that have been unable to operate flights to China over the past few months due to the novel coronavirus pandemic can choose a qualified Chinese city for entry starting from June 8.

The CAAC will introduce a reward and suspension mechanism, with detailed policies for the carriers to increase or suspend flights. It also said China may "modestly increase" flights from some qualified countries under the conditions of controllable risks and adequate receiving capacities.

— China's service exports grew by 3.5 percent year-on-year to 161.29 billion yuan ($22.72 billion) in April, ending a falling streak since the outbreak of COVID-19.

The growth in service exports was achieved as the country's policies and measures to promote resumption of work and production and to stabilize foreign trade paid off, said Gao Feng, a spokesperson for the Ministry of Commerce, at a press conference on June 4.

— Beijing announced on June 3 it would offer coupons worth 12.2 billion yuan to spur consumption. On June 6, Beijing will launch a months-long event to promote consumption. During the event, which will run through the National Day holiday in October, over 400 activities will be held to boost consumption, covering areas such as catering, retailing, culture, tourism, education and sports.

Guizhou, a Chinese province known for its landscape resorts and ethnic culture, will offer coupons worth 15 million yuan to boost consumption in the cultural and tourism industry which was severely affected by the COVID-19 epidemic, the provincial department of culture and tourism said on June 4.

— By the end of May, over 12 million small shops and roadside stands nationwide saw a revenue gain from last year, according to a report from China's mobile payment giant Alipay.

The report said, among the country's major cities, Guangzhou, Shanghai, Hangzhou, Chengdu and Shenzhen recorded the largest number of small businesses that reported revenue growth. In Wuhan, once hard-hit by the outbreak, 150,000 stores and roadside kiosks reported revenue gain in May after lockdown in the city was lifted in early April.

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