China travel & #Going to China 🇨🇳 is back! China witnessed a record surge in travel and consumption during the Lunar New Year holiday, with 474 million trips within mainland China, marking a 34% increase from 2023 and a 19% rise compared to 2019. While total spending by domestic tourists reached $87.9B, average tourism-related spending per trip remained below #China Covid Curated pre-pandemic levels. • Over the holiday season, 59.25 million domestic travels were undertaken on average per day, a slight decrease from 2019. - The average daily trip expenditure was $23.2, a 6% decrease from 2019. • A record $1.11B worth of movie tickets were sold over the holiday, with 163 million people attending theatres, setting another record. • China's Hainan province set a record by spending $346.2M on duty-free goods, marking a 60% year-on-year increase, with over 297,000 shoppers spending an average of $1162.12 each on duty-free items. • Deflationary pressure, poor consumer confidence, and a record-breaking real estate market slump are among the issues facing China's economy. https://edition.cnn.com/2.. #A Glance of China 行摄中国 #Expats in China