China’s Travel Rush Over Holiday Sees Tourism and Spending Soar - BNN Bloomberg
(Bloomberg) -- China’s tourism and consumer activities rose sharply on the first day of the five-day Labor Day holiday, as residents rushed to travel and spend after three years of Covid restrictions finally ended. Some 19.7 million railway trips were made across the country on Saturday, the highest on record for a single day, local media The Paper reported citing data from China Railway Group Ltd. The railway operator expects traffic to rise to a record 120 million passengers for the extended holiday period, up 20% from the same period in 2019, before the pandemic struck. Shoppers were out in force on Saturday too, with major retail and catering companies seeing sales jump 21% from a year ago, according to Ministry of Commerce data cited by state broadcaster CCTV. Key food chains saw a 37% revenue boost, clothing sales climbed 21%, while sales of jewelry, cigarettes and alcohol all rose 17%. Many residents are making their first trips since the pandemic after authorities scrapped