China Adds Extra Days to Public Holidays in 2024 to Boost Domestic Spending

China Adds Extra Days to Public Holidays in 2024 to Boost Domestic Spending

China announced on Tuesday that it will add two extra days to its public holiday schedule in 2024, increasing the total to 13 days. The adjustment does not create new holidays but rather extends two existing ones, including the Lunar New Year, the country’s most significant festival.

Starting next year, the Spring Festival, which marks Lunar New Year, will be extended from three days to four by adding Lunar New Year’s Eve to the break. Additionally, the Labour Day holiday on May 1 will now include an extra day, extending the break to two days.

Chinese authorities are hoping that the extended holiday periods will encourage more consumer spending as the country focuses on boosting domestic consumption to support its economy amid slow growth.

Apart from public holidays, Chinese workers typically receive five to 15 days of annual leave, which many choose to take after major public holidays like Lunar New Year or National Day in October to maximize their time off.