China’s economy hit a high note during this year’s Spring Festival holiday, with travel and spending soaring to new heights 🚀. Fresh data reveals a surge in consumer activity, signaling renewed momentum for the world’s second-largest economy.
Inbound & Outbound Travel Booms
Over 13.5 million cross-border trips were recorded between February 10-17 – that’s nearly 2.8x higher than last year! 🛃 The National Immigration Administration reported daily averages of 1.69 million trips as families reunited and travelers explored globally.
Domestic Travel Goes Viral
Railways saw 99.46 million passenger trips, while airports handled close to 18 million travelers ✈️. From bullet trains to budget flights, the holiday rush mirrored K-pop concert crowds – but with more luggage! 🎒
The Big Picture
This year’s 'Golden Week' isn’t just about red envelopes 🧧. Analysts say the spending spree – from luxury gifts to family feasts – highlights consumer confidence rebounding like a TikTok trend. For young entrepreneurs and investors eyeing Asia, these numbers are pure dopamine 📈.
Reference(s):
cgtn.com