_china39s-domestic-tourism-surges-by-28-during-may-day-holiday.jpg "China's Domestic Tourism Surges by 28% During May Day Holiday from scrat inflation Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 425K times
✓ Published: 07-May-2024
👁 View: 425K times
✓ Published: 07-May-2024
Description:
China saw a 28% increase in domestic tourism during the 5-day May Day holiday period compared to 2019. However, total tourism revenue was up only 13.% compared to 2019 due to travelers spending less per trip, with average spending down 6%. Weakening economic growth, job prospects, and the real estate downturn have made Chinese consumers more cautious in their spending. Retail sales growth slowed to just over 3% in March while consumer price inflation was a mild 0.1%, reflecting soft consumer demand.
China saw a 28% increase in domestic tourism during the 5-day May Day holiday period compared to 2019. However, total tourism revenue was up only 13.% compared to 2019 due to travelers spending less per trip, with average spending down 6%. Weakening economic growth, job prospects, and the real estate downturn have made Chinese consumers more cautious in their spending. Retail sales growth slowed to just over 3% in March while consumer price inflation was a mild 0.1%, reflecting soft consumer demand.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_the-entirety-of-ice-age-but-its-only-scrat-causing-cataclysmic-accidents.webp "The Meme Lord")
⏲ 7 minutes 58 seconds 👁 193.8K
_citi-economist-predicts-39hard-landing39-for-u-s-economy-expects-four-rate-cuts.webp "Citi's chief U.S. economist Andrew Hollenhorst predicts a \")
_ice-age-2-scrat-inflation.webp "halcón _nido")
_ytp-124-scrat-gets-what-he-deserves.webp "Braden S. 2")
_scrat-inflation-reverse-and-forward.webp "Parley")
_ice-age-2-beginning-scene.webp "Timothy Ly")
_phl-statistics-authority-inflation-o-antas-ng-pagtaas-ng-presyo-noong-abril-2024-bumilis-sa-3-8-124-gma-integrated-news.webp "#GMAIntegratedNews #KapusoStream<br/><br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe")
_scrat-inflation-ice-age-2-the-videogame.webp "Parley")
_the-entirety-of-ice-age-but-its-only-scrat-causing-cataclysmic-accidents.jpg)
_citi-economist-predicts-39hard-landing39-for-u-s-economy-expects-four-rate-cuts.jpg)
_ice-age-2-scrat-inflation.jpg)
_ytp-124-scrat-gets-what-he-deserves.jpg)
_scrat-inflation-reverse-and-forward.jpg)
_ice-age-2-beginning-scene.jpg)
_phl-statistics-authority-inflation-o-antas-ng-pagtaas-ng-presyo-noong-abril-2024-bumilis-sa-3-8-124-gma-integrated-news.jpg)
_scrat-inflation-ice-age-2-the-videogame.jpg)
![[+]](/images/menu.gif){kind=small}