What China’s $113 billion Golden Week spending says about its economy
Update: 2025-10-10
Description
China has wrapped up its National Day and Mid-Autumn Festival holidays with impressive numbers.
During the eight-day holiday break, 888 million trips were made, marking a 16% increase compared to the previous year. Domestic tourism revenue reached over 800 billion yuan, approximately $113 billion, a 15% year-on-year growth.
What do these figures reveal about China’s booming holiday economy? And how are technology, culture, and policy working together to drive tourism and consumer spending?
The sit-in host Xu Yawen is joined by John Gong, Professor at the University of International Business and Economics; Subramania Bhatt, Founder and CEO of China Trading Desk (CTD); and Dai Li, Associate Professor in Development Economics at Hunan University.
During the eight-day holiday break, 888 million trips were made, marking a 16% increase compared to the previous year. Domestic tourism revenue reached over 800 billion yuan, approximately $113 billion, a 15% year-on-year growth.
What do these figures reveal about China’s booming holiday economy? And how are technology, culture, and policy working together to drive tourism and consumer spending?
The sit-in host Xu Yawen is joined by John Gong, Professor at the University of International Business and Economics; Subramania Bhatt, Founder and CEO of China Trading Desk (CTD); and Dai Li, Associate Professor in Development Economics at Hunan University.
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