China touts record spending over Lunar New Year holiday amid economic woes but unclear if momentum can continue
1 month, 3 weeks ago

China touts record spending over Lunar New Year holiday amid economic woes but unclear if momentum can continue

CNN  

Hong Kong CNN — Travel and spending during China’s Lunar New Year holiday hit new records this year, giving the government an encouraging boost as it seeks to ramp up the ailing economy. “We’re glad to see that as China puts more countries on the visa-free list and fully relaxes and improves visa-free transit policy, the Chinese New Year is becoming a worldwide celebrated festival,” said Chinese Foreign Ministry spokesperson Lin Jian at a regular press briefing on Wednesday. Tourists return to Nanjing Railway Station in Nanjing, East China's Jiangsu province, as the Lunar New Year holiday draws to a close, on February 3, 2025. While the Lunar New Year holiday spending gives government officials a confidence boost as they struggle to turn the economy around, it’s unclear whether this momentum can continue.

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