China’s 75th National Day celebrations weren’t just about fireworks—shoppers and travelers took the world by storm! 🎇 Fresh economic policies like lowered mortgage rates and boosted stock market tools ignited consumer confidence, creating a spending spree that retailers couldn’t keep up with. 🛍️
Home appliance sales skyrocketed, with JD reporting a 67% sales jump and Suning’s stores buzzing with 200% more foot traffic. The government’s push to swap old gadgets for new ones had folks lining up—orders for the program surged 132%! 🔄
But the real star? Travel. A whopping 2 billion trips flooded roads, rails, and skies during the holiday—a 4.1% daily increase from last year. 🇨🇳 From city escapes to countryside adventures, the Chinese mainland was on the move. 🚄
Experts say the mix of policy wins and festive spirit fueled this mega-boom, proving that post-pandemic energy is alive and kicking. 💪 Whether you’re an investor eyeing Asia’s markets or a globetrotter planning your next trip, China’s latest holiday hustle offers lessons in resilience—and fun. 🌏✨
Reference(s):
Strong consumption and travel enthusiasm during National Day holiday
cgtn.com