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China holiday spending shrinks as consumer sentiment stays weak

Dragon Boat Festival data reveals Chinese consumers making more domestic trips while cutting individual spending, highlighting persistent economic anxiety despite trade truce hopes.

China holiday spending shrinks as consumer sentiment stays weak
Visitors explore Dajixiang, a newly renovated historic courtyard and shopping complex, during the Dragon Boat Festival holiday in Beijing on June 1, 2025. While domestic trips rose 5.7%, per-trip spending declined year on year, underscoring continued consumer caution amid tariffs, job insecurity, and economic headwinds. Image: Getty Images

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