Move over, global exports—China’s next growth story is all about domestic demand! 🌟 From buzzing night markets to sold-out football matches, the country’s consumption engine is revving up, reshaping everything from local economies to weekend plans.
Take the Jiangsu Provincial Urban Football League (aka Su Chao), an amateur league that’s become a cultural phenomenon. Matches now draw crowds of 30,000–50,000, sparking viral online reactions and even boosting local food trends. After Nanjing’s team won? Searches for ‘salted duck’ 🦆 jumped 74%. When Nantong triumphed, ‘breakfast’ searches skyrocketed 367%! 🥟
Travel platform Qunar reports hotel bookings in Jiangsu surged 21% during the league’s season, proving that sports + tourism = economic magic. Cities are doubling down with late-night food carnivals and EDM festivals—one event in Taizhou now pulls 20k visitors daily! 🎶
Meanwhile, China’s consumers are splurging on smart homes, trendy toys like the Labubu plush craze, and experiential spending. This shift isn’t just changing wallets—it’s becoming the economy’s new stabilizer, showing how policy and passion projects can score big. 🏆
Reference(s):
Domestic demand takes center stage in China's next growth chapter
cgtn.com