1 week ago China’s ‘super golden week’ box office lags, but annual picture improves

China’s extended “super golden week” holiday saw cinemas’ box-office revenues slump compared to last year’s National Day break, but nationwide takings since the start of the year have already exceeded the total for all of 2024. According to box-office tracker Dengta Data, cinemas raked in 1.83 billion yuan (US$257 million) during the eight-day holiday, which ended on Wednesday. That was the second-lowest total since 2017 and down from the 2.1 billion yuan reported for the regular seven-day...

Politics

1 week ago China's Golden Week holiday spending dips in latest red flag for economy

China's Golden Week holiday spending dips in latest red flag for economy  Reuters

Economics

1 week ago China's Golden Week holiday spending falls in latest red flag for economy

China's Golden Week holiday spending falls in latest red flag for economy  Reuters

Economics

1 week ago China sees uptick in ‘super golden week’ spending amid record travel surge

China logged a welcome uptick in spending on services during the just-concluded eight-day “super golden week” public holiday, as the country’s transport hubs handled record numbers of passengers. Chinese transport authorities logged 2.432 billion passenger trips – a record high and a 6.2 per cent year-on-year increase – during this year’s extended holiday, which combined the National Day and Mid-Autumn Festival celebrations. The surge was mainly driven by overlapping demand for tourism and...

Politics

1 week ago In pictures: a vibrant look at China’s ‘golden week’ economic boom

In pictures: a vibrant look at China’s ‘golden week’ economic boom  South China Morning Post

Economics

2 w. ago Expect an 'extraordinary' jump in Chinese tourism this Golden Week: Economist

Expect an 'extraordinary' jump in Chinese tourism this Golden Week: Economist  CNBC

Politics

3 w. ago China’s ‘super golden week’ forecast to spark travel boom at home and abroad

Visa-free travel abroad and free toll roads at home are expected to fuel a surge in travel by Chinese citizens during an extra-long holiday starting this week, in what analysts call a boon for the service economy. Total trips outside mainland China are forecast to reach between 8 million and 8.4 million – more than double the 3.8 million recorded for the holiday in 2024 – according to travel marketing and technology company China Trading Desk on Monday. Demand is “surging” for visa-free...

Transport

3 w. ago China hoping for economic boost from 2.4 billion ‘golden week’ journeys

China’s transport authorities are expecting an increased number of journeys during the upcoming National Day holiday, which starts on Wednesday. Deputy transport minister Li Yang, said on Sunday that the authorities expected around 2.4 billion journeys during the eight-day holiday, around 295 million travellers each day – a 3.2 per cent increase compared with the same period last year. The “golden week” holiday will begin on Wednesday, China’s National Day, and runs into the following week to...

Economics