中 Authorities lead in the New Year..."Enable domestic demand." Hard work.

[Anchor]
Let's go to China this time.

While focusing on revitalizing the domestic economy ahead of the launch of Trump's second term, authorities-led New Year's celebrations have been held in various places.

I'll call a local reporter. Correspondent Kang Jung Kyu!

[Reporter]
Yes, this is Beijing.

[Anchor]
How is the Chinese New Year's atmosphere?

[Reporter]
Overnight, a large-scale New Year's celebration was held in the suburbs of Beijing, with Tianjin City and Hebei Province participating.

In addition, drone shows, fireworks, and concerts were held in Shanghai and other parts of China.

Although regional controls are still in place, it has changed significantly from the reluctance to gather crowds in the new year last year, the first time since the abolition of zero-COVID-19.

According to the authorities' policy to boost domestic demand, we will not suppress voluntary movements to restore vitality before COVID-19.

Starting from the new year, the Lunar New Year and Labor Day holidays will be increased by one day to induce tourism and consumption, and the retirement age will be extended in 70 years and pension reform will be promoted due to rapid aging.

Despite the efforts of the authorities, the economic recovery is showing an unstable trend, so let's hear what the residents think.

[Beijing resident: It was a bit difficult last year. I think I tasted all the joy, anger, sorrow and pleasure.]

[Beijing resident: I hope trade between China and the United States is smooth.]

[Anchor]
There has just been a mention of U.S.-China trade, and it may be related to the reason why the Chinese authorities are focusing on recovering the domestic economy in the new year, right?

[Reporter]
It is in line with the launch of the second Trump administration, which declared a 60% tariff bomb on Chinese goods.

As of 2023, a tariff barrier will be established in the United States, which accounts for $500 billion and 15% of China's total exports.

If this happens, some analysts say that China's economic growth rate, which is around 5%, could be lowered by 2%.

Domestic demand, foreign investment (FDI), and exports are cited as the trichomes of the Chinese economy, and domestic demand is the only thing that can be done on its own under pressure from the U.S. to check.

In his New Year's address last night, President Xi Jinping also cited uncertainties in the external economic environment, encouraging him to have confidence in overcoming the challenge.

As Trump advocates "isolationist" diplomacy, China is expected to open up more space on the international political stage in the new year.

I'm Kang Jeonggyu of YTN in Beijing.