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China's Service Consumption Surges During 2025 Spring Festival
China's 2025 Spring Festival saw a 12.3 percent year-on-year surge in service consumption, exceeding goods consumption growth, driven by 501 million domestic tourist trips and 677 billion yuan in tourism spending, highlighting a robust consumer market and economic resilience.
China's Service Consumption Surges During 2025 Spring Festival
China's 2025 Spring Festival saw a 12.3 percent year-on-year surge in service consumption, exceeding goods consumption growth, driven by 501 million domestic tourist trips and 677 billion yuan in tourism spending, highlighting a robust consumer market and economic resilience.
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