[앵커]
China has designated 2024 as the ‘Year of Consumption Promotion’ and is trying to boost domestic demand, but ordinary people are not easily opening their wallets.
International organizations, including the Bank of Korea, predicted that China’s economic growth rate this year will only be in the mid-4% range, which is lower than last year.
This is Beijing correspondent Kang Jeong-gyu.
[기자]
480,000 people flocked to Hong Kong’s New Year’s fireworks display, which resumed five years after COVID-19.
After the colorful festival, the surrounding train stations, bus stops, and ports resembled homeless villages.
These are Chinese tourists who do not want to stay or spend money in expensive Hong Kong and want to return straight to the mainland.
[중국 본토 관광객 : 애들은 먼저 태워줘야 할 것 아녜요! 홍콩은 인정머리가 없어서…아이가 밖에서 기다리잖아요.]
In fact, the number of travelers in China during the New Year holiday increased by 9.4% compared to before COVID-19, but consumption only increased by 5.6%.
Amid the real estate crisis, New Year’s holiday transaction volume also decreased by 20% compared to the previous year, hitting the lowest level in six years.
In addition, local debt, youth unemployment, and sluggish exports caused the stock markets in the Greater China region to fall all at once in the new year.
[시진핑 / 중국 국가주석 (신년사) : 일부 기업은 경영 압력에 직면해 있고, 일부 대중은 취업과 생활에 어려움을 겪고 있으며…]
The Bank of Korea predicted that China’s economic growth rate this year will stop at the mid-4% level, which is lower than last year.
This is in the same context as the OECD and IMF’s growth forecasts of 4.7% and 4.6%, respectively.
China has designated 2024 as the ‘Year of Consumption Promotion’ and is rolling out various stimulus measures, including expanding fiscal spending and lowering interest rates.
[자룽어 / 중국 재정부 세정국장 : 과학기술 혁신과 제조업 발전에 중점을 두고 정책 공급을 강화합니다.]
Whether China’s economy is revitalized is expected to act as a variable not only for Korea but also for the global economy.
This is YTN Kang Jeong-gyu from Beijing.
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2024-01-04 14:33:00
#Chinas #Years #Salty #Tour.. #Growth #expected #mid4
