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China’s Summer Spending Surge Highlights Growing Potential of Service Consumption
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August 22, 2024August 23, 2024Business, China, Travel

China’s Summer Spending Surge Highlights Growing Potential of Service Consumption

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Surge in China Service Consumption Drives Economic Growth This summer, China’s economy received a substantial boost, largely fueled by a surge in China Service Consumptionacross various sectors such as tourism, entertainment, and sports. This trend highlights the growing importance of China Service Consumption in driving the nation’s economic development. Expanding Cultural and Tourism Events The Ministry of Culture...

Beijing Booms with Tourists During Spring Festival Holiday
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February 18, 2024March 1, 2024Business, China, Economy

Beijing Booms with Tourists During Spring Festival Holiday

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Beijing welcomed a staggering 17.4 million visitors during the recent eight-day Spring Festival holiday, a 37.4% increase compared to last year, according to the city’s tourism bureau. This influx led to a 40.6% jump in tourism revenue, reaching an impressive 28.65 billion yuan (about $4 billion). Traditional temple fairs were a major draw, attracting over 5.16 million...