What China’s $113 billion Golden Week spending says about its economy

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• 00:09

  China has wrapped up its national day and mid-autumn festival holidays with impressive numbers.

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  Nearly 900 million domestic trips were taken over the eight-day break,

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  driving spending to a record-breaking level.

• 00:23

  What do numbers really reveal about China's booming holiday economy?

• 00:28

  And how are technology, culture, and policy working together to boost tourism and consumer spending?

• 00:35

  Welcome to World Today, a news program with a different perspective.

• 00:39

  I'm Xu Yaven in Beijing.

• 00:41

  In today's program,

• 00:42

  we'll explore emerging consumption trends sparked by China's Golden Week holiday.

• 00:48

  To listen to this episode again or catch up on previous episodes,

• 00:51

  you can download our podcast by searching World Today.

• 00:56

  China's National Day and Mid-Autumn Festival holidays have concluded and the numbers are impressive.

• 01:02

  A total of 888 million trips were made during the 8-day holiday period,

• 01:08

  a jump of 16% over the previous year.

• 01:11

  Domestic tourism revenue reached over 800 billion yuan,

• 01:16

  approximately $113 billion up 15% year-on-year.

• 01:22

  These figures highlight a strong rebound in consumer activity and travel within China,

• 01:28

  signaling a key indicator for domestic demand, tourism, and public confidence in the economy.

• 01:34

  In today's program, we will explore new consumption trends,

• 01:38

  the role of cultural tourism, the influence of technology,

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