Caixin
Feb 09, 2022 06:58 PM
ECONOMY

Analysis: China’s Holiday Spending Doesn’t Bode Well for 2022

Despite a nearly 48% increase in the number of people returning to their hometowns for the Lunar New Year (LNY) holiday compared to the same period last year, a contraction in movie box office sales and tourism revenues — due perhaps to the worsening economy — suggests that this did not result in materially higher consumption demand. Property sales, heavy truck sales and operating rates of some key manufacturing sectors deteriorated further in January.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: Illuminating the Silver Screen for the Visually Impaired
00:00
00:00/00:00