Xinhua News Agency, Beijing, February 19 (Reporter Su Liang) The Spring Festival holiday of the Year of the Dragon in China has just ended, and major international media and Hong Kong media have reported the just released holiday economic data, from holiday consumption to outbound tourism, from the box office to market sentiment, all of which have released positive signals of China's economic recovery, Many media reported that China's economy in the Year of the Dragon had made a "bright" start.
This is February 17, in a cinema in Shenyang, the audience passed by the poster. Photographed by Xinhua News Agency reporter Li Gang
"The prospect is very good!" Bloomberg reported on the 18th that China's just concluded long holiday economic data released a positive signal to the market, indicating that the market consumption capacity of the world's second largest economy has improved. The BBC said that the substantial increase in holiday tourism spending was "good news" for the Chinese economy.
According to the data from the Ministry of Culture and Tourism of China, 474 million domestic tourists traveled during the eight day holiday, up 34.3% year on year; Domestic tourists spent 632.687 billion yuan on travel, up 47.3% year on year. According to the data of the Ministry of Commerce, during the annual festival from January 18 to February 6, the online retail sales reached nearly 800 billion yuan, an increase of 8.9% over the same period of last year's lunar calendar.
According to the preliminary statistics of the National Film Administration, the box office of the national film during the 2024 Spring Festival holiday will be 8.016 billion yuan, and the number of people watching movies will be 163 million, which will increase by 18.47% and 26.36% respectively compared with the 2023 Spring Festival holiday, creating new records in the same period.
Not only is the domestic tourism market booming, but many Chinese tourists choose to celebrate the Spring Festival overseas and go to their favorite overseas tourist destinations during the long holiday, which ignites the overseas tourism market and makes the world feel the "warm current" of China's rapid economic recovery.
On February 1, a dragon dance team composed of more than 100 teenagers from Malaysia and China danced a "long dragon" of nearly 200 meters on the chicken farm street in Malacca, Malaysia. This is the "Long Dragon" at the activity site. Photographed by Cheng Yiheng, reporter of Xinhua News Agency
The Financial Times pointed out that tourism has become the highlight of China's economy during the Spring Festival holiday. The media quoted Ctrip platform data and reported that the number of travel orders of Chinese tourists to Singapore, Malaysia and Thailand during the holiday increased by more than 30% compared with 2019. The media noticed that Singapore and Malaysia have recently provided visa free entry facilities to Chinese citizens.
The South China Morning Post quoted the travel platform website "Qunar" data to report that the number of overseas flights booked by Chinese tourists during the spring holiday this year was 14 times that of last year, and the number of overseas hotels booked was 5 times that of last year. The report noted that Chinese tourists are not only interested in the surrounding traditional tourist destinations, but also travel to relatively distant tourist destinations such as New Zealand, France, the United States and Egypt.
On February 12, the dance performance scene was shot in the Spring Festival series activities of Hairui Cultural Park, the branch venue of the 16th Wanchun Festival in Haikou, Hainan Province. Photographed by Pu Xiaoxu, reporter of Xinhua News Agency
The Spring Festival holiday has become the peak of global tourism consumption, and China's domestic tourism, outbound tourism and inbound tourism "blossom in many places". The South China Morning Post highlighted that during the long holiday, the number of overseas transfers on China's online payment platform WeChat payment and Alipay increased significantly year on year, with the amount of overseas payments on Alipay increasing by 140%.
According to media reports, the highlights of mainland tourism and consumption have even boosted the sentiment of Hong Kong market.
China's economy ushered in the beginning of the Year of the Dragon in the festive atmosphere of the Spring Festival holiday, and a number of data indicators showed China's economic growth potential. Nikkei Asia magazine published an article on its website on the 19th that the travel and consumption data during the Chinese Lunar New Year exceeded expectations, sending a positive signal to the market.
