Economic Watch: China's consumption continues to rebound amid swift economic recovery 环球讯息
TIANJIN,May1(Xinhua)--Afterathrillinggo-kartexperienceataracetrackwithroaringenginesasinthescenesof"TheFastandtheFurious"movies,JackChanenjoyedhis"RomanHoliday"inanItalian-stylebusinessdistrictinnorthChina"sTianjinMunicipality.
Chan,whohailsfromSingapore,hasbeenlivinginChinafor20years.HisworkentailsperennialtravelsbetweenBeijingandTianjin.
"Inmyleisuretime,IalwaysgotoTianjin"sFlorentiaVillagebusinessdistrict,whichisnearBeijing,forshoppingandentertainment.Itoffersmemoreconsumptionchoicesandfreshexperiences,"Chansaid.
(资料图片)
Withmorethan300internationalbrands,immersiveentertainmentconsumptionscenariosandanintelligenttourguide,thebusinessdistricthasembracedrobustconsumptionvitality,especiallythisyear.
AsoneofTianjin"sfeaturedshoppinghotspots,thebusinessdistrictwelcomedmorethan1millionpassengervisitsinJanuary,hittingarecordhigh.Duringthe2023SpringFestivalholidayalone,itregistered300,000visits,withaturnoverof160millionyuan(about23.2millionU.S.dollars).
HowardLi,boardchairman&CEOofWaitexGroup,oneofthemaininvestorsinthebusinessdistrict,saidthecompanyplanstoaddmorethan30projects,withatotalinvestmentofover10billionyuan,thisyear.
Inrecentyears,Tianjinhastakenconcretestepstoenhanceconsumerexperiences,increasethe24-hoursupplyofgoodsandservices,andconstantlyimproveconsumersatisfaction,convenienceandcomfortlevels.
SunJiannan,directorofthemunicipalcommissionofcommerce,saidTianjinisexpectedtobecomeaninternationalconsumptiondestination,gatheringglobalconsumptionresourcesandattractingworldwideconsumersthroughyearsofconstructionefforts.
AccordingtotheNationalBureauofStatistics,China"sdomesticconsumptionkeptwarmingup,withtheretailsalesofconsumergoodsincreasingby5.8percentyearonyearinthefirstthreemonths,totalingaround11.49trillionyuan.InMarchalone,retailsalesjumped10.6percentyearonyear.
Thegraduallyimprovedconsumptionmarkethaspositivespillovereffectsfortheworld.Forinstance,China"srecoveringoutboundandinboundtravelsareinjectingnewimpetusintotheglobaltourismmarket.
DatashowedthatthenumberofinboundpassengersonTianjinAirlines"internationalflightsincreasedby87.8percentyearonyearsincethebeginningoftheyear.
InJuly2021,Beijing,Tianjin,Shanghai,GuangzhouandChongqingtooktheleadinChinainbuildinginternationalconsumptioncentercities.
"It"saone-stopshoppingexperienceformetobuyinternationalbrandsofcosmetics,foodsandclothingallatthesametimeinamodernshoppingcomplexinTianjin,"said19-year-oldNicoleKuehShianMaun,astudentfromMalaysiastudyingatTianjinUniversity.
Recently,manyinternationalorganizationshaveraisedtheirforecastsforChina"seconomicgrowththisyear.
AccordingtotheInternationalMonetaryFund(IMF)forecast,theworldeconomywillgrow2.8percentin2023,whileChina"seconomicgrowthwillincreasefrom3percentin2022to5.2percentin2023.
"AvibrantChineseconsumermarketwillprovideimportantsupportforworldeconomicrecovery,"saidYuYongding,anexpertwiththeChineseAcademyofSocialSciences.■
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