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China May Day Holiday To See Robust Consumption

CHINA PRESS
MNI (Singapore)

The Labor Day holiday, April 29 to May 3, will push consumption to recover further and perform better in Q2, Shanghai Securities News reported. Data on tourism, hotel booking and transportation all point to a robust scenario and authorities will work on plans to boost consumption, the report said. Both domestic and outbound tourism will see a rebound and railway passengers are expected to jump 20% y/y from April 27 to May 8 – a new record.

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