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China To See Tourism Boom During Golden Week Holiday

CHINA PRESS
MNI (Singapore)

Services consumption will help support the economy next week during the week-long Mid-Autumn Festival and National Day holiday. A total of 217 million train tickets were sold from Sept 13-23, according to data by the China Railway, while the Civil Aviation Administration estimates over 21 million passengers will travel by plane during the break, with an average of over 17,000 flights a day. The popularity of long journeys to Xinjiang and Tibet has increased by over 300% y/y, while outbound tourism will also hit a new high to grow about 500% over the May Day holiday, according to data from online travel booking platforms. (Source: Securities Daily)

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