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Home News Hong Kong

China’s Lunar New Year spending surges past pre-Covid levels

NEWSROOM by NEWSROOM
February 19, 2024
in Hong Kong
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China’s new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.

Domestic spending on entertainment, dining and travel soared during this year’s “Golden Week”, which officially ended on Saturday, according to a statement from Beijing’s Ministry of Culture and Tourism on Sunday.

People at West Kowloon Station, in Hong Kong, on February 15, 2024. Photo: Kyle Lam/HKFP. People at West Kowloon Station, in Hong Kong, on February 15, 2024. Photo: Kyle Lam/HKFP.
People at West Kowloon Station, in Hong Kong, on February 15, 2024. Photo: Kyle Lam/HKFP. Credit: KYLE_LAM.Y.K

Chinese travellers made 474 million trips across the country…



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