May 06, 2024 05:56 GMT
MNI BRIEF: China May Day Holiday Trips Up 7.8% - Ministry
MNI (BEIJING)
MNI (Beijing)
China domestic tourism rebounds over May Day weekend.
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China saw 295 million domestic trips made during the May day holiday, up 7.6% y/y and 28.2% on 2019, according to a statement from the Ministry of Culture and Tourism on Monday.
Domestic tourist expenditure amounted to CNY166.89 billion, up 12.7% y/y and up 13.5% from 2019, while inbound tourists totalled 1.78 million and outbound stood at 1.90 million.
China’s Ministry of Commerce large-scale consumer goods trade-in programme alongside related fiscal and credit support will generate over CNY1 trillion of domestic demand by boosting automobile and household goods consumption, consolidating economic recovery, a high-ranking official recently told MNI. (See: MNI INTERVIEW: China Trade-ins To Boost Consumption - MOFCOM's Xu)
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