China’s Spring Festival Spending Spree Lights Up Global Markets
China’s massive consumer market is flipping the script on global economic trends, offering a golden opportunity for countries worldwide to collaborate and thrive, according to Chinese Foreign Ministry spokesperson Guo Jiakun.
Guochao Fever & Digital Drives
During the recent Spring Festival, sales of guochao (trendy Chinese cultural merchandise), intangible heritage experiences, and winter sports hit record highs. New consumption models, fueled by tech innovation and digital upgrades, kept cash registers ringing louder than TikTok notifications.
Cross-Border Shopping Surge
From imported snacks to international travel, Chinese consumers didn’t hold back. Guo highlighted a spike in overseas trips by Chinese residents and a rebound in foreign tourists visiting China—proving that wallets (and borders) are opening wider than ever.
Economic Confidence Boost
This spending frenzy isn’t just about retail therapy—it’s a sign of growing confidence in China’s economy. Global financial institutions predict that consumption and services will play bigger roles in China’s growth, with new policies set to turbocharge global economic recovery.
What’s Next?
With China rolling out fresh economic policies, Guo says the world can expect even more collaboration through high-quality development and open markets. Translation: buckle up for a win-win ride.
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