China's economy gets New Year boost from holiday travel and shopping
China's sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade war. Jump in travel numbers Train stations and airports across the country were jam-packed for weeks as millions returned home for the festive period in an annual migration that is expected to be a record. Official data showed there were 500 million domestic tourist... - Industry buzz / Asia / Pacific
China's sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade war.
Jump in travel numbers
Train stations and airports across the country were jam-packed for weeks as millions returned home for the festive period in an annual migration that is expected to be a record.
Official data showed there were 500 million domestic tourist...
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Industry buzz
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Asia / Pacific
