Robust Dragon Boat Festival consumption further fuels China’s economic recovery
2024-06-09 09:50:40 source：Global Times
June 8, 2024
As the Dragon Boat Festival, or "Duanwu" Festival kicked off on Saturday, China has seen a robust consumption growth ranging from increasing passenger trips, a strong box office, and spending on festival related products, showing a continuous rebounding and strong resilience of the world's second-largest economy.
According to China Railway, the national railway operator, Saturday is expected to be the peak day of the passenger flow during the three-day Dragon Boat Festival holidays, with a total of about 17 million passenger trips are expected to be transported, compared with 16.2 million trips in the same period of last year.
The National Immigration Administration estimated that from Saturday to Monday, the country will see a daily average of 1.75 million passenger trips at Chinese ports, a year-on-year increase of 32.5 percent.
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