China kicks off Lunar New Year as COVID explosion fears loom

Year of the Rabbit spending fuels hopes for rebound in world's No. 2 economy

20230120 Lunar New Year

A customer admires Lunar New Year decorations at a market in Beijing. Holiday spending may help kick-start growth in the world's No. 2 economy. © Reuters

CK TAN, Nikkei staff writer

SUZHOU, China -- The Lunar New Year holiday kicks off in China this weekend, with hopes running high that it will kick-start economic growth stuck at four-decade lows, but fears of a COVID-19 explosion loom over the festivities.

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