Transport authorities are speeding up work resumption and channeling investment to boost infrastructure construction in the transport sector, the top transport official said on Tuesday.
Trade fears aside, economists were slightly more optimistic about the economy this year. The median forecast for inflation-adjusted gross domestic product growth rose to 2.9 percent from a 2.8 percent pace projected in the June survey. The 2019 estimate remained at 2.7 percent.
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Toy Story Land did not even materialize when the Shanghai park debuted in June 2016. But thanks to the fastest expansion recorded across the Disney assets worldwide, consumers in China began to enjoy such immersive experience just one year after the park's opening.
Tourists barbeque and make pizza in the open air kitchen of a B&B called Prodigy Outdoor Base in Moganshan of Zhejiang province. [A Yuan/for China Daily]
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Tourist attractions, according to the ministry, received 122 million visits on just the first day of the seven-day break, up 7.54 percent year-on-year, with revenue increasing by 7.19 percent to 103 billion yuan.
Transactions in new homes in mega cities like Shanghai and Beijing are not as active as last year because the supply side is no longer growing after more land supplies are being allocated to residential rental projects, said Jenny Wu, East China senior director and head of residential of Cushman & Wakefield, a real estate services provider.
Trade ministers of BRICS countries have reached eight major consensuses, including establishing stronger digital networks at ports to ease trade and approving a service trade cooperation road map to boost economic complementarities and diversification, China's commerce minister announced on Wednesday.
Tourism revenue plunged 71 percent to 5.44 million yuan, it said.