China's National Day holiday kicked off with a massive surge in travel and consumer spending, signaling a seasonal jolt to the economy . Over 330 million cross-regional trips were recorded on the first day alone—up 48.1% from last year and 30% compared to pre-pandemic 2019 levels, per government data.
Stimulus Meets Wanderlust
Just days after Beijing rolled out interest rate cuts and eased home-buying rules to boost growth, the holiday became a litmus test for consumer confidence. Analysts say the travel frenzy is a bright spot for sectors like tourism and hospitality. Bloomberg called it an 'early sign of a spending pickup,' with homestay bookings up 55% and scenic spot tickets rising 37% year-on-year.
Global Spotlight on Recovery
International media, from Singapore's Lianhe Zaobao to the Manila Times, highlighted the holiday's ripple effect. Experts predict sustained momentum for dining, entertainment, and retail as the week unfolds. Could this be the spark China's economy needs?
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. Over 330 million cross-regional trips were recorded on the first day alone—up 48.1% from last year and 30% compared to pre-pandemic 2019 levels, per government data.
Stimulus Meets Wanderlust
Global Spotlight on Recovery
