el more frequently, and enable them to have higher budgets for spending on accommodati
on and destination entertainments,” said Sun Peiming, director of e-commerce at Sichuan Airlines.
Last year, along with graduate students, there were 37 million enrolled college students in the country,
according to the National Bureau of Statistics. In 2018, students registered on Qunar flew 4.4 time
s annually on average, higher than the average of 3.45 times nationwide, according to the company.
“Low prices have a decisive impact on their choices. Compani
es that provide cheaper options will attract more students and gain the initiative in seizing tho
se future backbone consumers,” said Liu Simin, a researcher at the Beijing Foreign Studies University.
he United States, may lead to weaker business confidence and slower
global trade growth, which is expected to weigh on investment and exports in 2020. But in the n
ear term, as China shows positive surprise in GDP growth in the first quarter, and the macroeconomic policies hav
e taken effects on stabilizing the growth, the GDP growth rate is likely to stay at 6.2 percent, the report said.
“In response to the growth moderation and less favorable external conditions, the government in
troduced a fiscal stimulus emphasizing tax incentives,” said Martin Raiser, World Bank Country director for China.
“While the central government has fiscal space to further increase spending, if necessary, the additional stimulus should be ap
propriately funded either directly at the central level or through additional fiscal transfers to the provinces. Highe