May 26, 2023 09:43 AM

CX DAILY

CX Daily: China’s Holiday Spending Boom Masks Patchy Recovery

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Travelers pack the waiting hall of Hangzhou East Station on May 4. Photo: VCG

Travelers pack the waiting hall of Hangzhou East Station on May 4. Photo: VCG　

Consumption /

Analysis: China’s holiday spending boom masks patchy recovery

Hundreds of millions of travelers swarmed China’s tourist hotspots during the Labor Day holiday, painting a rosy picture of a rebound in the closely watched gauge of consumer spending. But the latest economic data is patchy and has analysts worried that lingering weaknesses in areas such as manufacturing and real estate are holding back a full recovery.

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