The Economic Council’s meeting, led by Georgian Prime Minister Irakli Garibashvili, was held today at the Government Administration.

Irakli Garibashvili, Prime Minister of Georgia held and led a regular meeting of the Economic Council at the Government Administration today.

Multinational food company Dole has become increasingly popular with Chinese consumers thanks to the CIIE. The market director of Dole China shares the company's CIIE stories.

Produced by Xinhua Global Service

From serving state banquets to family feasts, a Shanghai-based china producer has been embracing a role shift and digital transformation to better meet the fast-changing market demand.

Produced by Xinhua Global Service

Eyeing infrastructure as a pillar for economic and social development, China's central authorities have vowed to build modern infrastructure system and strengthen infrastructure construction in an all-round way.

Produced by Xinhua Global Service

Tbilisi, April 13, 2022 - Visa became a part of the Grace Hopper Award Program in Georgia, founded by the USAID Economic Security Program in Georgia, in partnership with TBC Bank and UN Women.

Engaging as a supporter organization in the Grace Hopper Award Program is another step forward for Visa in its efforts of supporting women, innovations and also, contributing to development of an equal society. Empowering women in the information and communication technology (ICT) industry is especially important in terms of breaking stereotypes and overcoming challenges that women are facing nowadays. Visa believes that development of the ICT industry in Georgia itself is one of the most important driving forces in the modern economic advancement, as innovative technologies play a crucial role in the reality of rapidly growing demand on digitalization.

“One of our top priorities is to spotlight and address women who face challenges and ensure they get the support needed, thus we are committed to provide equal opportunities for everyone based on professional competencies and leadership skills. Within the program we support ICT Champion category, and I believe that the winner we choose will receive our strong support, special prize and become a member of our big network.” – noted Diana Kiguradze, Visa Regional Manager for Caucasus region.

Bearing the name of a prominent American computer scientist and computer programming pioneer Grace Hopper, whose legacy continues to inspire many, this program recognizes the contribution of women that lead to positive changes in the information and communication technology (ICT) industry. The program is supported by Gender Equality Council of the Parliament of Georgia, UGT and Majorel Georgia.

To apply for the nominations and fill out the application, please visit www.ictwomen.ge Applications will be accepted from April 8 to May 8, the finalists will be revealed on May 30, and an award ceremony will be held on June 10.

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About Visa Inc.

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.ge

China vowed steady economic growth for this year in its government work report at the annual "two sessions." The country's efforts in economic remodeling and opening-up have been applauded globally.

Produced by Xinhua Global Service

China vowed steady economic growth for this year in its government work report at the annual "two sessions." The country's efforts in economic remodeling and opening-up have been applauded globally.

Produced by Xinhua Global Service

At the 15th Summit of the Economic Cooperation Organization, held on November 28, 2021, the Heads of State and Government of the participating countries reflected their vision of the ECO's work and highlighted the unique geo-economic role of the ECO, which has a positive effect on regional cooperation.

In his speech, President of Turkmenistan Gurbanguly Berdimuhamedov highlighted the essence of interaction between the ECO Member States, united geographically, historically, as well as traditional customs and values. “Our peoples here have centuries-old traditions, valuable experience has been accumulated, which requires its revival, use and enrichment, taking into account modern realities,” President Gurbanguly Berdimuhamedov noted.

He made a special emphasis on the further intensification of trade and economic relations between the countries of this format, which is aimed at increasing the volume and diversification of trade. “In this regard, I consider it expedient to think about creating, on the principles of public-private partnership, specialized ECO business platforms, each of which, in its own direction, could purposefully work in the interests of developing and expanding trade relations between our countries,” the Head of Turkmenistan emphasized.

The idea of creating effective mechanisms to ensure stable and dynamic growth of trade and investment partnerships has been put forward. In this regard, the expediency of establishing various forms of cooperation in such segments as the production of industrial goods, agriculture, and the service sector was emphasized. In this context, the Head of state highlighted the importance of economic interaction with the use of high, primarily digital technologies, and the widespread use of electronic trading platforms.

Stating the importance of enhancing cooperation in medicine and health care, the President of Turkmenistan noted the advisability of establishing, within the framework of the ECO, systemic channels for the exchange of experience, methods and best practices in the field of combating dangerous infectious diseases. “Economic cooperation in the ECO space should be accompanied by the expansion of interaction in the cultural and humanitarian sphere,” said President Gurbanguly Berdimuhamedov.

BEIJING, June 15 (Xinhua) -- China's three-day Dragon Boat Festival holiday saw booming travel and spending activity as businesses and authorities rushed to fire up the market with innovative stimulus, spurring hope for a more solid and balanced economic recovery.

China saw more than 89 million domestic tourist trips during the holiday from June 12 to 14, up 94.1 percent from last year, according to data from the Ministry of Culture and Tourism.

Tourism revenue reached 29.43 billion yuan (about 4.6 billion U.S. dollars), surging 139.7 percent from last year when the sector fell to the blows of the COVID-19 outbreak.

While the data was still below pre-epidemic levels, analysts predict recovery in the consumption market to pick up pace on a wave of spending-stimulating activities, such as tailored services to meet upgrading demand and the rollout of digital RMB red envelopes.

Data by online travel booking agency Ctrip showed total orders on its platform increased 83 percent from last year as tickets and car rental businesses exceeded the level in 2019.

"Young people have gradually become the main force driving holiday consumption, which will accelerate the expansion of new forms of tourism models from the demand side," said Xie Xiaoqing, a senior researcher at Ctrip Research Institute.

In the latest public trial run of China's digital legal tender, the Chinese capital Beijing, with a population of around 22 million, handed out 40 million yuan in digital currency to consumers in a total of 200,000 digital red envelopes, each containing 200 yuan.

The draw results were announced on June 11, the eve of the Dragon Boat Festival holiday, as a travel and spending boom was expected.

The diverse efforts to stimulate domestic demand came as recovery of the consumption sector, among the hardest hit by the COVID-19 epidemic, had lagged behind the more resilient industrial sector, prompting authorities to put more focus on deepening structural reform for balanced recovery in the long term.

China's economy grew 18.3 percent year on year in the first quarter of 2021, as strong domestic and foreign demand powered recovery from a low base in early 2020 when COVID-19 stalled the world's second-largest economy.

Though China's economy has got off to a good start this year, the central leadership stressed that the country's first-quarter data should be viewed dialectically as the recovery is still unbalanced and the foundation not solid.

To harness consumption potential, authorities are setting their sights on the less developed rural areas. Last week, 17 government agencies including the Ministry of Commerce released a plan to promote rural consumption, giving details of how logistics and infrastructure services will be improved in the rural regions.

During the Dragon Boat Festival, more than 380 million parcels had been handled in rural areas, surging 30 percent from the holiday period last year, data by the State Post Bureau showed.

Against the backdrop of regular epidemic prevention and control, the gradual improvement of county commercial and logistics distribution systems, as well as optimized supplies, will help better meet the needs of consumption upgrades and fully release consumption potential, noted Wang Yan, an analyst with the research institute under the Ministry of Commerce. 

Source: http://www.xinhuanet.com/english/2021-06/15/c_1310009358.htm