China Holiday Spending Rise Shows Consumption Recovery on Track
- Tourists spent more per trip over recent holiday than in 2019
- Data suggests that China’s domestic consumption recovering
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Chinese tourists spent more per trip over a holiday than in 2019 for the first time since the pandemic started, adding to signs that consumption is recovering in the world’s No. 2 economy.
Travelers spent nearly 54 billion yuan ($7.5 billion) on 119 million trips within the country during the recent three-day break, the Ministry of Culture and Tourism said in a statement.