US EditionChina's Golden Week holiday spending dips in latest red flag for economy
The eight-day holiday saw 888 million trips, a 1.8% rise, but spending growth slowed to 7.6% amid changing travel habits and softer consumer demand.
- During the eight-day Golden Week, China's Ministry of Transport reported over 2.4 billion trips, a 6.2% increase from last year, supported by official data.
- Local governments staged immersive cultural campaigns, including festivals and light shows, while the Sichuan provincial government backed the China International Panda Consumption Festival with 400 million yuan in consumer vouchers.
- Transport authorities boosted service by adding 1,880 trains on Wednesday and installing temporary EV chargers, while self-driving travellers rose 7.1%, making up 79.8% of passenger travel across 304 million trips per day.
- Despite visitor gains, retail and food service sales grew just 3.3%, and per‑person spending fell: Sichuan saw visitors up 7.4% but ticket revenue up only 3.5%, Goldman Sachs analysis showed Thursday.
- Economists will watch whether momentum continues into the final quarter of 2025 as China's September inflation data due Oct. 15 and retail sales report Oct. 20 influence domestic consumption.
13 Articles
13 Articles
China Spends $114 Billion During Golden Week, Makes 888 Million Trips
China’s Ministry of Culture and Tourism reported that domestic spending reached 809 billion yuan ($113.5 billion) during the eight-day Golden Week holiday, which combined the Mid-Autumn Festival and National Day celebrations. The holiday, one of China’s longest annual breaks, ended on Wednesday. Why It Matters The figures highlight a rebound in consumer activity and travel […] The post China Spends $114 Billion During Golden Week, Makes 888 Mill…
Commentary: The Paradox of China’s Golden Week
China’s Golden Week Travel Hits Record High, But Spending Stays Tepid - An eight-day holiday saw a surge in long-distance and international trips, with travelers seeking out niche destinations. Yet sluggish growth in retail sales and a cool box office point to lingering consumer caution
China's Golden Week holiday spending dips in latest red flag for economy
Chinese holidaymakers' average spending dipped to a three-year low over this year's eight-day Golden Week holiday, dashing hopes that a domestic stock market rally would encourage cautious consumers to open their wallets.
China’s ‘Golden Week’ Holiday Shows Weak Consumption Amid Economic Slowdown
China’s “golden week” holiday consumption has fallen short of expectations, according to official data. Meanwhile, Chinese business owners and residents shared their experiences with The Epoch Times, revealing an even bleaker situation. According to data released on Oct. 5 by the Ministry of Commerce, sales at key retail and catering enterprises in mainland China increased by 3.3 percent year-over-year during the first four days of the National …
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