Fishing is my favourite
relaxation.
我最喜爱的消遣是钓鱼。
Eric has recently taken up chess to provide himself with some
relaxation.
埃里克最近开始下棋，让自己放松。
Tom's day is evenly divided between work and
relaxation.
汤姆一天的时间一半花在工作上, 一半用在娱乐上。
"Brick and mortar stores now serve as a place to build brand image and deliver joy and relaxation.
“实体店现在是树立品牌形象、提供欢乐和放松的场所。
Following the relaxation of the COVID-19 control policy, we are pleased to see a turnaround in terms of footfall and retail sales across all six of our malls.
随着新冠肺炎控制政策的放松，我们很高兴看到我们所有六家商场的客流量和零售额都出现了好转。
In addition, following the government's relaxation of family planning laws allowing married urban couples to have second children in 2016, a growing number of newborns have been second children, and young Chinese families have shown increasingly higher demand for nannies and babysitters, said Guo Xin, a marketing professor at Beijing Technology and Business University.
Xia Xuefang, a member of the night's performance team Huoboruoma, or daughters of the moon, finally can enjoy some relaxation before going to bed by sharing the best moments of the day on social media platforms.
"The opening of Mandarin Oriental Wangfujing in Beijing gave the final touch on WF CENTRAL, making it a commercial complex covering lifestyle retail, entertainment and relaxation.
What we have seen in recent years, as a result of positive dialogues between investors and the government, is a continuous opening-up and relaxation of what perhaps were quite restrictive policies in the past.
Tesla is benefiting from an eventual relaxation of rules by Beijing on foreign ownership of new-energy vehicle makers.
The relaxation of the 50/50 rule for JVs in China uniquely benefits Tesla because they did not have an existing JV in China" as rivals do, said Tasha Keeney of ARK Invest.
The manufacturing of trunk planes, regional planes, general aviation aircraft, helicopters, unmanned aerial vehicles and aerostatics will benefit from the relaxation in the equity cap restrictions, according to the statement.
"I play golf at weekends to get relaxation from heavy work, and I also think about how to manage my team during the process.
"Boosted by the China's relaxation of the second-child policy, Toys R Us Inc's joint venture in China has different strategy.
"She said the company hopes to participate in China's pension reform, based on its rich experience in offering retirement products in other markets including the United States and the UK, depending on the progress of relaxation of regulatory restrictions on foreign investments in this sector.
Industry statistics showed that infant formula producers are expected to see an annual growth of 7 to 10 percent in the coming five years in China, thanks to consumption upgrading and the relaxation of the one-child policy.
In an exclusive interview with China Daily, Ding Shizhong, chairman and CEO of Anta Sports, said the rapidly increasing demand for children's apparel and footwear, boosted by the relaxation of the second-child policy, had created numerous opportunities for Anta.
"We are a premier leisure carrier as our destination is a place for relaxation and fun.
Nansha will implement a 144-hour visa-free transit policy for foreigners and a visa-free policy for cruise travel, as part of the country's ongoing efforts to expand high-standard opening-up and promote the high-quality development of the GBA, according to the document, titled "The guideline for supporting the relaxation of market access and strengthening institutional reform for regulation in Guangzhou's Nansha".
Key measures might include removal or relaxation of market entry restrictions for Hong Kong and Macao investors, facilitating the implementation of special market access measures in areas like Guangdong-Macao In-Depth Cooperation Zone in Hengqin in Guangdong province, Nansha district in Guangdong, and Shenzhen in the same province, said Guo Lanfeng, a senior official of the National Development and Reform Commission, the country's top economic regulator.
The remarks came after a three-year action plan released on Monday by the NDRC signaled a potential relaxation or removal of eligibility criteria, shareholding ratios and industry access restrictions for Hong Kong and Macao investors, emphasizing increased openness in the financial sector.
A three-year action plan released on Monday by the mainland's top economic regulator signaled a potential relaxation or removal of eligibility criteria, shareholding ratios and industry access restrictions for Hong Kong and Macao investors, emphasizing increased openness in the financial sector, experts said.
China's peaceful and huge market, as well as its latest move to implement measures to broaden market access for global investors in several key areas, including the relaxation of restrictions on foreign investment in listed companies, will offer multinational corporations more growth opportunities, said Chang Xiuze, a professor of economics at the Academy of Macroeconomic Research in Beijing.
Notably, substantial progress has been made in the systematic opening-up of the services sector, marked by growing value of trade in services and relaxation of foreign market entry restrictions.
Consequently, he emphasized the critical necessity of implementing targeted policies to alleviate the challenges plaguing the property market, including the relaxation of bank lending restrictions and the provision of fiscal support.
However, uncertainties remain regarding how sustained the preliminary signs of a property market uptick will be, making more housing policy relaxation likely in the short term to ensure a robust recovery.
There could be relaxation of home purchase restrictions, sales restrictions and price controls in first-tier and second-tier cities.
He expects China to step up more stimulus measures to safeguard the recovery in the near term, with possible measures including relaxation of home purchase restrictions in first-tier and second-tier cities, 1 trillion yuan ($140 billion) in additional infrastructure support, more targeted consumer incentives in fields like new energy cars as well as more efforts to step up fiscal policy support.
China will continue to push for the relaxation of market access for foreign investors, renewing efforts to lure foreign capitals and expand high-level opening-up, the Ministry of Commerce said on Monday.
It said the relaxation of China's COVID response measures is expected to unleash pent-up consumer demand in China, which could provide a boost to international trade, particularly in travel-related services.
After the relaxation of travel restrictions, the Chinese market will be again one of the fastest developing markets for Greece, Ioanna Papadopoulou, director of communications and marketing of the Athens International Airport, told Xinhua.
The report said, the relaxation of COVID-19 restrictions, the successful convening of the Central Economic Work Conference and the two sessions, and signs of economic recovery have significantly boosted business confidence.
"More importantly, the cut sends a signal that policymakers are taking a proactive approach to support the economy, as the relaxation comes even as economic and financial data is picking up," said Zhong Linnan, a senior macroeconomic analyst at GF Securities.
In an upside scenario, growth is expected to pick up in China with its full reopening in 2023, which came after the relaxation of COVID-19 restrictions in November and December, the IMF said in its World Economic Outlook Update released on Tuesday.
"The relaxation of COVID-19 control measures and adjustments to real estate policies are essential to ensure that China's economic growth will return to normal.
"With relaxation of COVID measures, sectors that have been most disrupted by COVID have much room to recover, such as the services industry, food, catering and retail, tourism, entertainment and so on.
FMCG, entertainment, catering, tourism, aviation and more may shine in 2023In 2023, China will continue to expand domestic consumption, and sectors such as tourism, catering, entertainment and aviation are expected to benefit from the relaxation of COVID-19 prevention and control measures, government officials and industry experts said.
The anticipated slowdown in US monetary tightening will also point to the possibility of further relaxation in China, including lowering the reserve requirement ratio when necessary.
Liu Baokui, a researcher at the Institute of Spatial Planning and Regional Economy at the NDRC, said that private investment is an indicator of economic vitality and the new measures come at a critical time, as the relaxation and optimization of COVID-19 regulations is expected to embolden previously timid private investors.
However, we do see a gradual relaxation of COVID-19 curbs taking place in China, bringing back some consumer confidence," said Derek Deng, a partner at Bain & Company based in Shanghai.
It also called for relaxation of conditions for residential settlement for large cities with a population of 3 million to 5 million in urban areas.
Lian Ping, chief economist at Zhixin Investment, said the room for further relaxation in China's monetary policy should be prepared, given the likelihood of a global economic recession in 2024 amid US monetary tightening.
The report added that China's growth momentum is expected to rebound in the second half of 2022, boosted by aggressive fiscal stimulus, monetary easing and a further relaxation of housing sector regulation.
The World Bank said in the report that the growth momentum is expected to rebound in the second half of the year with aggressive fiscal stimulus, monetary easing and further relaxation of housing sector regulations to mitigate the economic downturn and, with that, China's economic growth is projected to rebound to 5.2 percent in 2023.
Moreover, cross-border M&A deals are expected to remain subdued this year unless there is a relaxation of COVID-19-related travel restrictions, he added.
But against the backdrop of the Fed's interest rate hikes, the room for relaxation is limited and due preparation should be undertaken.
Due to the government's efforts to fine-tune relevant real estate policies, including relaxation of mortgage quotes, expediting mortgage approvals and loosening credit limits to healthy developers, the latest figure of housing sales and home prices has show signs of recovery.
Zhao Chenxin, secretary-general of the NDRC, said at the news briefing that several measures are in the pipeline to facilitate and safeguard industries enjoying the upcoming relaxation of market access.
"We expect monetary relaxation via ample liquidity in the interbank market and robust credit growth in the coming months," he said.
some relaxation of fiscal policy after the tightening in 2021, with an increase in the overall deficit.
Through the establishment of free trade zones and the Hainan free trade port, the relaxation of restrictions on foreign investment, the hosting of the CIIE and the China International Consumer Products Expo, as well as the domestic ratification of the Regional Comprehensive Economic Partnership, China has accelerated its overall opening-up, bringing real and remarkable benefits to people and enterprises both at home and abroad.
Li Jincan, an analyst at the Lead-Leo Research Institute, a market research provider, said: "The relaxation of the policy and the new launch of convenience stores can help tap consumer demand for more convenience services.
With the relaxation of policies and the landing of more stores in downtown areas, they are expected to become more competitive," said Zhu Changci, an analyst at the Lead-Leo Research Institute, a provider of market research reports.
"The rise in the Caixin services PMI points to a continued recovery in the services sector thanks to the successful containment of COVID-19, the associated relaxation of social distancing requirements and Beijing's continued policy support for small and medium-sized enterprises," Lu Ting, chief China economist at Nomura Securities, said in a research note.
According to a report released during the CIFTIS conference, thanks to the gradual relaxation of COVID-related travel restrictions by countries around the globe, global demand for travel has rebounded strongly.
"It's possible that peer cities may follow suit, though the degree of policy relaxation could vary," said Zhang Shuncheng, associate director of China Corporate Research at Fitch Ratings.
There is room for policy relaxation both on the supply and demand sides, and localities and departments concerned should optimize their real estate measures at a faster pace, she said, adding that new home sales in May are expected to maintain an appropriate scale and register a year-on-year increase.
"Given the relaxation of China's COVID-19 control measures, the general economy is expected to recover in 2023.
"Many movie and television crews have been catching up on their schedules," Gao said, since China announced the relaxation of COVID-19 control measures in early December.
China's catering industry is seeing a strong rebound and the Spring Festival tourism market also boomed, following relaxation in the COVID-19 response and also thanks to a government rollout of a spate of measures aimed at spurring consumption.
Li Yujia, chief researcher at the Guangdong Planning Institute's residential policy research center, said the relaxation on home purchases is in line with the central government's guidance of taking measures in accordance with the specific conditions of individual cities.
"About 80 percent of Hubei province's non-locals are living and working in Wuhan, and they will become an important force in stabilizing the local housing market after the relaxation," said Li.
com Group, said that with the relaxation of travel policies, Chinese tourists are more confident about making overseas trips.
"Riding on a replica racing motorcycle gives me a mixed feeling of exhilaration and fear, but also relaxation, which helps me to deal with work and the pressures of life, especially when faced with a COVID-19 resurgence.
As lightweight commodities, new tea drinks help meet young people's desire for relaxation and social sharing, and have even become a vehicle for social life, according to a manager of Heytea.
"However, with the implementation of REITs (real estate investment trusts), the rationalization of property asset prices, and the relaxation of central monetary and credit policies, we expect the investment market will see more promising growth in the fourth quarter," Sun said.
A total of 23 cities are eligible for loan interest rate relaxation, according to the National Bureau of Statistics.
With the relaxation of entry and quarantine policies in some countries and regions, the search and order volumes of air tickets on international routes have significantly increased.
There is urgent demand for travel related to business, overseas education and family visits, so relaxation of international flights will be good news for certain people, said Lin Zhijie, an aviation industry analyst and columnist at Carnoc.
How strong should any new policy relaxation be?
For instance, some second-tier cities have rolled out strong policy relaxation measures because they have high unsold housing stock.
United Arab Emirates-based carrier Emirates said it welcomes the further relaxation of China's contagion prevention policy, and it expects the gradual policy easing will better foster global travel, as well as spur economic, trade and cultural exchanges between China and the rest of the world.
"The relaxation of sales restrictions can increase housing supply in the short term, improve the liquidity in the second-hand housing market, and further release demand for better housing conditions," said Guan Rongxue, an analyst with the Zhuge House Hunter, an online property platform.
She said similar policy relaxation is expected in other cities in and around the Yangtze River Delta, which encompasses Shanghai and the provinces of Jiangsu, Zhejiang and Anhui.
We see this round of homebuying relaxation as representative, and we expect further relaxation of homebuying policies in similar cities in the region," Liu said.
"Therefore, we believe that a relaxation of real estate-related regulations in some cities such as Suzhou will better unleash homebuying potential.
Yet, with the overall impact of COVID-19 still in place, it will take some time for policy relaxation to result in a real estate market rebound," he said.
We expect relaxation of real estate regulation on a larger scale, and the downtrend in property sales will be checked, contributing to steady overall economic growth this year. "
"Shanghai's residential property market is currently under mounting pressure because of COVID-19, and the relaxation of policy for talented professionals will likely improve market expectations and shore up confidence," said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institution.
Zhang bought an annual pass for the venue, which cost 399 yuan ($62), and frequently visited the park for fun and relaxation.
The tropical island has benefited from the relaxation of duty-free limits (up to 100,000 yuan, or $15,700, per person per annum), the repatriation of wealth and luxury appetites that used to be satisfied during international travel, analysts said.
With the relaxation of COVID-19 restrictions, films, live music and trade exhibitions will see robust growth in 2021," said Aileen Mo, PwC Chinese mainland entertainment and media industry partner.
Those born in the 1970s-80s mostly took 1-3 hours off a day for relaxation, while those born in the 2000s used 5-8 hours for leisure.
Local governments and entities should enforce housing market regulations strictly, rather than taking any chances on relevant policy relaxation.
The tourism rebound came after a relaxation of travel restrictions amid dwindling COVID-19 cases in the country.
She added the sector will benefit from an increase in households with children due to the relaxation of the family planning policy in 2015.
Despite an expected decline in revenue for 2020, the hotel has confidence it will see a sound recovery in the second half of this year when there will be further relaxation on travel restrictions once the outbreak ends.
Although the regulations will not cease to exist, the gradual relaxation trend is likely to continue," said Zhang.
She said the government might want to offer photovoltaic companies a bumper period for subsidy cuts and a relaxation of the cap on new projects.
"It can support you as a virtual assistant, connect you with friends and family, entertain you, or provide you with a sanctuary moment of relaxation on a busy day. "
The Gigafactory 3, Tesla's first to be built outside the US, is also the first wholly foreign-owned car manufacturing facility in China following the country's relaxation of its rules on capping foreign ownership of NEV ventures earlier this year.
Tesla reached the deal in July with the Shanghai government to build a car plant in the city, which is the first foreign-owned car manufacturing facility in China following the central government's relaxation of its policy for foreign carmakers earlier this year.
Nanjing-headquartered Byton achieved that through its partnership with United States-based autonomous driving technology company Aurora, allowing its drivers eyes-off-road relaxation time.
In the VR experience, each of the four seats were configured for different scenarios, ranging from laid-back relaxation, to an entertainment setting and even an emergency use mode that can be used if the car is en route to hospital.
The executive seats can be tilted backward up to 43.5 degrees and provide ample leg support, turning the rear into a first-class suite for full relaxation and rest.
The new S-Class' human-centered design is self-evident through its extensive range of advanced features, such as multi-beam LED headlamps with the longest-in-segment lighting range of up to 650 meters, which empowers drivers to make accurate pre-judgments, and the energizing comfort control feature, with six pre-set comfort programs, delivering unprecedented levels of occupant relaxation.
Yi noted that the introduction of the registration-based initial public offering system was by no means a relaxation of oversight, but rather a better combination of an efficient market and a well-functioning government.
Other key steps to address the prominent challenge of insufficient domestic demand would include the relaxation of administrative restrictions in the housing market and ramped-up fiscal support for infrastructure construction, they said.
The combined impact of housing market regulation relaxation, further monetary easing and increased support for infrastructure and private investment in the rest of the year will help to address the prominent problem of insufficient demand, keeping China's economy well on track to achieve this year's growth target, experts said.
Su Jingchun, an associate professor at the Chinese Academy of Fiscal Sciences, said that based on the minister's speech, fiscal policies are likely to lean more heavily toward boosting consumption this year, as the relaxation of travel restrictions and services is likely to see a great deal of pent-up demand released in the coming months.
"In the future, with the growing confidence and experience in dealing with foreign investors in the past 20 years, we expect to see more relaxation of the entry requirements by the Chinese securities regulator, such as adopting a filing system, instead of requiring foreign investors to obtain approval for QFII status.
As monetary policies tighten worldwide, marginal positive results from China's monetary relaxation will be very limited.
Rational market expectations can hardly be built on such relaxation.