Spenders splash cash during May Holiday!

五一假期,消费者挥金如土!

Round Table China

社会与文化

2025-05-06

29 分钟
PDF

单集简介 ...

Long lines at the Temple of Heaven. Packed rural B&Bs. Sold-out concerts. This year's May Day holiday wasn't just a travel surge, it was an economic phenomenon. From digital upgrades and appliance trade-ins to inbound travel boom, people are spending in ways that defy old patterns. The question isn't just where they're going, but what their wallets reveal about the next chapter of China's economy. On the show: Heyang, Steve Hatherly & Yushun
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单集文稿 ...

  • discussion keeps the world turning this is round table Long lines at the Temple of Heaven,

  • sold-out rural B&Bs, concerts pulling in record crowds.

  • The May Day holiday in China has evolved from a travel rush into a full-blown economic phenomenon.

  • Beyond selfies and sightseeing, it's now about digital upgrades,

  • home appliance trade-ins, and reverse tourism and so much more.

  • That's redefining how people spend their hard-earned yuan across the country.

  • What does this say about where China's consumer economy is heading?

  • Coming to you live from Beijing, this is Roundtable.

  • I'm He Yang.

  • For today's program, I'm joined by Steve Hathaway and Yu Shun in the studio.

  • First on today's show.

  • So the May Labor Day holiday has just wrapped.

  • And wow, China was on the move.

  • Tourist spots were buzzing.

  • But it wasn't just the usual suspects such as Beijing and Shanghai.

  • More people, including international visitors, are exploring beyond the big names.

  • Think Chengdu's spicy eats, Xi'an's ancient vibes, and Guilin's unreal scenery.

  • It helps that China's rolling out the red carpet for overseas travelers,

  • more visa-free and duty-free policies.

  • And yes, mobile payments do work with foreign cards.