September 30, 2024

China's consumption market has shown multiple positive signs as the week-long National Day holiday period is about to start on Tuesday, with industry insiders expecting to see bustling scenes across different sectors, ranging from tourism, transport, movie-going and catering.

As consumption during Golden Week traditionally serves as a barometer for the economy, observers said that the spending surge is likely to send an upbeat signal on the potential of China's consumption market, which remains a key economic driver. 

The consumption rebound, coupled with a slew of pro-growth policies released in recent days, would also inject new impetus to consolidate the recovery of the world's second-largest economy in the fourth quarter, according to analysts.

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