Beijing: China’s State Planner on Sundays urged the local government to minimize the impact of Covid-19 restrictions on the new Chinese New Year holidays to help rebound in consumption, such as the increase in economic variants threatening economic growth.
“The regional government must avoid epidemic measures and one simplified measure.
It is said that low-risk places in China meet reasonable demand for short trips from urban and rural residents, and increase their daily supply of products during the holiday period.
China has reported cases Local cases of omicron variants that greatly transpose in at least five provinces and municipalities, including the first infection in the capital of Beijing on Saturday, only a few weeks ahead of the Olympic winter match in February.
The regional government was alert to the Covid-19 case potential from the outside, With many residents who urge to stay for the third year in a row during what usually the busiest travel period this year.
China’s economy is likely to grow at the pace no later than 1-1 / 2 years in the fourth quarter, weighed by weaker demand due to a decline property, curb debt and l Covid-19 steps are tight.
NDRC on Sunday also said supporting the healthy development of the property market and legal demand from home buyers, while asking local governments to increase supervision of unfair competition and other monopolistic behaviors during the holiday period.
“These steps aim to symbolize the potential of consumer spending and encourage a stable initial for economic growth in the first quarter,” NDRC said.