Chinese holiday spending inches up but trade war weighs on services

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, ... Read More

Tariffs Aftermath: China Sees Slight Surge In Holiday Spending, Services Sector Loses Momentum

Despite the uptick, overall spending remained below pre-COVID levels, highlighting lingering weakness in the broader economic recovery. Read More

China’s New Year Travel Slump Likely to Slow Consumer Spending Recovery

(Bloomberg) -- China expects a sharp downturn in travel over the Lunar New Year period compared with pre-pandemic levels ... coronavirus outbreaks, threatening a nascent-recovery in consumer spending. Read More

China’s consumers regain some lost lustre

Average daily cross-border travel is forecast to rise 19% from last year, above pre-Covid ... fiscal spending have fuelled a 25% rally in Hong Kong's benchmark index. Signs that China's consumers ... Read More

Chinese tourists flock to Southeast Asia as overseas travel bounces back

we think travel-related spending ... years - higher than the $112 million generated during the October 2023 Golden Week holiday. Mass gaming rates were forecast to have reached 120% of pre-COVID ... Read More

Experts: Global air travel will surpass pre-Covid levels in 2024

SINGAPORE: Global air travel volume is expected to finally exceed pre-Covid-19 levels in 2024 ... is encouraging domestic spending instead. Nevertheless, Menon expects China to “grow strongly ... Read More

Travel demand, spending rise, but some sectors still struggling

“With the change to the COVID-19 classification, conditions for using the government’s travel subsidy program have been relaxed, leading to a rise in travel spending,” Kota Nakayama of ... Read More