A lukewarm start to 2024
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Consumer sentiment remains lukewarm.
During the New Year’s holiday period, from Dec 30 to Jan 1:
Around 135 million people traveled domestically, up 155.3% y/y.
Domestic tourism revenue hit RMB 79.73 billion, jumping 200.7% y/y.
Hold the applause: These massive growth rates are due to base effects...