Asia Techonomics: This trend is causing great concern for China's leadership
Millions of Chinese are traveling during the upcoming "Golden Week". State media are celebrating travel records. But in a popular tourist destination, it becomes clear: That's only half the truth.
China's "Golden Week" around the National Day on October 1 has begun, described as one of the most important consumption periods of the year by state news agency Xinhua. This year's celebrations can be extended to 13 days due to a coincidence with the Mid-Autumn Festival. The holiday was introduced in 1999 to boost domestic tourism and consumption.
However, despite being a peak travel season, many Chinese are reportedly saving money, with hotel owners, tour guides, and taxi drivers in the tourist town of Dali complaining that there are fewer visitors and they are spending less.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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