Uncle Leon sg
OPbullrider_21
:
China has concluded its Golden Week holiday on a muted note, with key travel and spending data showing weaker-than-expected recovery in consumption amid a wider economic slump.
A total of 826 million trips were made in mainland China during the eight days to October 6, which was up 4.1% from the comparable period in 2019 before the pandemic, when Beijing imposed strict lockdowns and draconian travel curbs, according to data released by the Ministry of Culture and Tourism Saturday.
Spending by tourists in the country grew 1.5% from the 2019 level to 753.43 billion yuan ($103 billion).
But both increases fell short of government forecasts.
bullrider_21 : China is growing at 5% and the US at 1.6%. I can hardly say that China is glooming.
Uncle Leon sg OP bullrider_21 : China has concluded its Golden Week holiday on a muted note, with key travel and spending data showing weaker-than-expected recovery in consumption amid a wider economic slump.
A total of 826 million trips were made in mainland China during the eight days to October 6, which was up 4.1% from the comparable period in 2019 before the pandemic, when Beijing imposed strict lockdowns and draconian travel curbs, according to data released by the Ministry of Culture and Tourism Saturday.
Spending by tourists in the country grew 1.5% from the 2019 level to 753.43 billion yuan ($103 billion).
But both increases fell short of government forecasts.
102183427 : So many delusional people at 55%![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)