China’s Spring Festival travel costs beats pre-Covid levels

China’s Spring Festival travel costs beats pre-Covid levels

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PUBLISHED : 18 Feb 2024 at 17: 03 Tourists along the Tsim Sha Tsui boardwalk throughout the Lunar New Year vacation in Hong Kong, China, on Feb 12, 2024 (Bloomberg picture) BEIJING: Tourism profits in China throughout the Lunar New Year vacations that ended on Saturday rose by 47.3% year-on-year thanks to a domestic travel boom inthemiddleof a longer-than-usual break, authorities information revealed on Sunday. The information might deal short-term relief to policymakers as the world’s second-largest economy hasactually been dealingwith deflationary threats inthemiddleof weak customer need, however the sustainability of the tourist increase stays unpredictable. During the vacation, understood as the world’s biggest yearly migration, traveler touristattractions throughout the nation experienced huge crowds. Domestic tourist costs leapt by 47.3% to 632.7 billion yuan ($87.96 billion) from the verysame vacation duration in 2023, according to the information by the Ministry of Culture and Tourism. The number of do
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