Amid China’s push to ensure a good start for its economy in 2024 to quell concerns from overseas investors and lift market confidence, the home of its largest iPhone and iPad assembly line has released a 17-point action plan to boost consumption, tourism and industrial production.
The central province of Henan would offer increased rewards of 35,000 yuan (US$5,000) for every incoming tourist train and 65,000 yuan for each chartered plane arriving in the first quarter, it said on Monday.
It also pledged to release a list of 100 key industrial projects by the end of January, and start the construction projects funded by government bonds by the end of June.
“We must push hard for a good start to first quarter economic growth, so that it can lay a solid foundation for the full-year targets,” the provincial government said.
China’s manufacturing PMI falls for third month in a row
China’s manufacturing PMI falls for third month in a row