Caixin
May 05, 2022 07:10 PM
BUSINESS

China’s Box Office, Train Ticket and Real Estate Sales Plunge Over Holiday

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What’s new: China’s residents did a lot less of the things that they usually do over five-day May Day holiday this year as Covid lockdowns around the country kept people in their homes and money in their wallets.

From Sunday to Wednesday, movie theater box office revenue plummeted 82.3% from last year’s holiday period to 297 million yuan ($44.9 million), according to data from Dengta, an industry data dealer.

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