Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's consumption, tourism markets sizzle during May Day holiday

May 05, 2023


Abstract : China's household consumption and tourism markets saw fast growth during the just-ended May Day holiday, data from the State Taxation Administration (STA) showed Thursday.

BEIJING, May 4 (Xinhua) -- China's household consumption and tourism markets saw fast growth during the just-ended May Day holiday, data from the State Taxation Administration (STA) showed Thursday.

Sales revenue of consumption-related sectors surged 24.4 percent year on year during the five-day holiday, noted the STA data.

Revenue from sightseeing and recreational services rose 320 percent compared with the same period last year.

Accommodation and catering services registered a revenue growth of 52.3 percent and 32.8 percent year on year, respectively, according to the STA.

Data from the Ministry of Transport revealed the average daily passenger trips handled by China's commercial transport network jumped 162.4 percent year on year during the holiday, which concluded on Wednesday. About 269.72 million passenger trips were made in the country, with the average daily number topping 53.94 million.

Scan the QR code and push it to your mobile phone

Keyword: tourism consumption

Reading:

Passenger traffic in China soars during May Day holiday

China Focus: May Day holiday tourism boom fuels market rebound

Economic Watch: Tianjin uptick reflects China's consumption recovery

China's energy consumption sustains recovery in Q1

China's industrial profits decline in Q1 but signs of recovery

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial