Golden Week Offers Mixed Signals for Chinese Tourist Spending
With Golden Week results coming in, it appears that domestic spending is recovering somewhat while overseas spending is down.
As China’s economy has become increasingly reliant on consumption to drive its growth, data from “Golden Weeks” have become a good barometer of China’s consumption growth trend. Photo: Shutterstock
As China’s economy has become increasingly reliant on consumption to drive its growth, data from “Golden Weeks” have become a good barometer of China’s consumption growth trend. Photo: Shutterstock