China’s Golden Week spending surpasses 2019 levels

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China’s Golden Week spending surpasses 2019 levels
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The news potentially boosts confidence in the country’s economic recovery.

The mid-Autumn festival this year coincided with the National Day holiday, resulting in a longer break.

In China, the mid-Autumn festival is an important festival for family gatherings and this year it coincided with the National Day holiday, resulting in a longer-than-normal break. This compared to 830.8 yuan per trip in 2019 when the holiday was seven days long, and 680.6 yuan last year. Domestic tourism revenue for the holiday period totalled 753 billion yuan, up 129.5% from last year and 1.5% higher than 2019 levels, Xinhua said.

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