Peschel said that the resumption of household consumption will play a crucial role in the continuity of China's recovery in the coming months. The prerequisites for domestic consumption to pick up include the avoidance of a second wave of COVID-19, supportive government policies aiming at stabilizing employment and household incomes, and an improvement in consumer sentiment, he added.
People in China have made about 105 million trips by railway since the holiday travel rush started on Sept 28, the CRC said Saturday.
Personal computers (PCs) and smart devices were the biggest revenue contributors, with 17.9 million PCs sold worldwide.
People who reoffend within five years will see their penalty automatically extended by three years, the authority added.
Phan Dinh Trac, executive vice-chairman of the Communist Party of Vietnam's steering committee for anti-corruption, said the CPC has made many great achievements, especially in anti-corruption, under the leadership of Xi Jinping, general secretary of the CPC Central Committee.
Peter Frankopan, author of the international best-seller The Silk Roads: A New History of the World and a professor of global history at Oxford University, said: "Major transition presents challenging circumstances for all-which is why Xi was keen to reassure those at home and abroad that China is able to offer stability, but also set out a vision for how to overcome economic problems and difficulties, and how China proposes to play a more active role in international affairs."
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Peggy Shinner
People wear Christmas hats as they walk past a group of demonstrators on Christmas Eve at Tsim Sha Tsui in Hong Kong, Dec 24, 2019. [Photo/Agencies]
People in front of a Sinopec Group stand during a conference in Shanghai on April 1, 2019. [Photo/IC]
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