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Monday, May 6, 2024

Bangkok Post – China travel surge hints at consumer revival

Preliminary figures for Lunar New Year show domestic trips at five-year high

Tourists gather along the Tsim Sha Tsui promenade during the Lunar New Year holiday in Hong Kong on Monday. (Photo: Bloomberg)

A resurgence in travel over the Lunar New Year holiday is offering some signs of a consumer spending pickup in China as it struggles with low confidence and deflation.

More than 61 million rail trips were made in the first six days of the national new year holiday, according to official reports. That was the highest in data compiled by Bloomberg News in the last five…

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