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"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."
"Consumption rapidly recovered on demand for consumer staples such as food and beverage and daily necessities. Among durable goods, car demand recovered remarkably," said Piao.
"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.
"China's National Day holiday is not only a festival for Chinese people, but also for us," said Wu Qing, general manager of overseas marketing department in Thailand duty-free store King Power.
"Como is the silk center of Italy and Europe and has witnessed centuries of Sino-Italy cooperation and communication along the ancient Silk Road," said Yangpu district's governor Xie Jiangang. "We believe both countries will have a closer cooperation under the Belt and Road Initiative."
来源：资阳报