Original title: The world has paid attention to the "bright" start of China's economy in the Year of the Dragon.
Xinhua News Agency, Beijing, February 19 (Reporter Su Liang) China's Year of the Dragon Spring Festival holiday has just ended, major international media and Hong Kong ** have reported the just released holiday economic data, from holiday consumption to outbound tourism, from the movie box office to market sentiment, all of which have released a positive signal of China's economic recovery, and many ** have coincidentally reported that China's Year of the Dragon economy has achieved a "bright" start.
It's February 17, in a theater in Shenyang, and the audience passes by the poster. Photo by Xinhua News Agency reporter Li Gang.
The prospects are good! Bloomberg 18** said that China's just-concluded long holiday economic data released a positive signal to the market, showing that the world's second-largest economy market consumption power has improved. The BBC said the sharp increase in holiday tourism spending was "good news" for the Chinese economy.
According to data from the Ministry of Culture and Tourism of China, the 8-day holiday is 47.4 billion person-times, a year-on-year increase of 343%；The total cost of domestic tourists is 63268.7 billion yuan, a year-on-year increase of 473%。According to data from the Ministry of Commerce, during the New Year Festival from January 18 to February 6, online retail sales were close to 800 billion yuan, an increase of 8 percent over the same period last year9%。
According to the preliminary statistics of the National Film Administration, the national film box office during the Spring Festival holiday in 2024 will be 801.6 billion yuan, and the number of moviegoers was 16.3 billion, an increase of 18 percent at the box office and number of people during the Spring Festival holiday in 202347% and 2636%, all of which set a new record in the same period.
Not only is the domestic tourism market booming, but many Chinese tourists choose to spend the Chinese New Year overseas and take advantage of the long holiday to go to their favorite overseas tourist destinations, which has ignited the overseas travel market and made the world feel the "warm current" of China's rapid economic recovery.
On February 1, a dragon dance team composed of more than 100 teenagers from Malaysia and China danced a nearly 200-meter "long dragon" on Jonker Street in Malacca, Malaysia. This is the "long line" at the event site. Photo by Xinhua News Agency reporter Cheng Yiheng.
The Financial Times pointed out that tourism has become the bright spot of China's economy during the Spring Festival holiday. Citing data from Ctrip's platform, the number of travel bookings from Chinese travelers to Singapore, Malaysia and Thailand during the holiday period increased by more than 30% compared to 2019. This ** noted that Singapore and Malaysia have recently provided visa-free entry convenience to Chinese citizens.
The South China Morning Post reported that Chinese travelers booked 14 times more overseas flights and five times more overseas hotels during this year's spring holidays, citing data from travel platform Qunar. The report focuses on Chinese tourists who are not only interested in traditional tourist destinations in the surrounding areas, but also travel to relatively distant tourist destinations such as New Zealand, France, the United States, and Egypt.
On February 12, the dance performance scene filmed in the Spring Festival series of activities in Hairui Cultural Park, the branch venue of the 16th Wanchun Festival in Haikou City, Hainan Province. Photo by Xinhua News Agency reporter Pu Xiaoxu.
The Spring Festival holiday has become the peak period of global tourism consumption, and China's domestic, outbound and inbound tourism have blossomed in many places. The South China Morning Post highlighted that during the long holiday, the number of overseas transfers of China's ** payment platform WeChat Pay and Alipay increased significantly year-on-year, of which the amount of Alipay's overseas payment increased by 140%.
* Mainland tourism and consumption highlights even boosted sentiment in the Hong Kong market, according to the report.
China's economy ushered in the start of the Year of the Dragon in a festive atmosphere during the Spring Festival holiday, with a number of data indicators demonstrating China's economic growth potential. Nikkei Asia magazine published an article on the 19th, saying that China's travel and consumption data during the Lunar New Year exceeded expectations, releasing a positive signal to the market.
*:Xinhua.