China Prepares for Lunar New Year Amid Economic Concerns
Travellers thronged railway stations and airports on Friday clutching large suitcases and gifts as they returned to their hometowns to celebrate the Lunar New Year with family. The holiday, China’s biggest falls between Jan. 28–Feb. 4 and marks the arrival of the Year of the Snake. The festivities usually boost businesses like shops, cinemas and restaurants.
Authorities are keen to spur spending this year to revive the sluggish economy and have extended the official holiday to eight days. Efforts to boost consumption include promoting winter-themed destinations and ensuring affordable airfares. However, businesses and travellers report signs of cautious spending due to concerns over the property slump and job security.
China’s transport ministry estimates 9 billion trips will be made during the 40-day travel period, up from 8.4 billion last year.
Cinemas are a bright spot with advance ticket sales exceeding 400 million yuan by Jan. 23. Overseas travel is also surging with bookings doubling from last year. Popular destinations include Vietnam, Singapore, Indonesia and Japan. Despite festivities many remain cautious amid economic uncertainties.
The future of Malaysia job market 2025-26 has high opportunities of the skilled professionals who are willing to extend their…
Mexico has accepted a new wave of steep tariffs on Chinese and other foreign goods, which is a big change…
Japan has a rapidly growing population with in excess of 28 per cent of its citizens being over the age…
With this clean-energy move, Malaysia has thus made a historic breakthrough as it is witnessed with the opening of the…
Sumatra, which has a lot of different kinds of plants and animals and is famous for its beautiful jungles and…
Sri Lanka's famous tea-growing area was devastated when Cyclone Ditwah went through the central highlands, destroying farms and forcing thousands…
This website uses cookies.
Read More