Those 'Golden Weeks' Don't Produce Much Actual Gold

Tourists at a beach in Qingdao, in the eastern province of Shandong

A conservative estimate of the economic losses caused by the long holidays China takes is 200 billion yuan a year. Here is how I come to this figure.

There are two long "golden week" holidays every year: for Spring Festival, also known as the Lunar New Year, at the begging of the year and for National Day in October.