China’s golden week travel boom masks a fragile recovery
🗺 Oct 14, 2025, China: Over 1 billion trips took place during the Golden Week holiday, showcasing record travel but cautious spending. Consumer anxiety remains due to economic challenges like deflation, a property downturn, and youth unemployment above 19%. Retail sales rose only 3.3% year-on-year in the holiday's first four days. Many opted for "zero-cost" tourism, preferring parks and cultural landmarks. Government stimulus has yet to boost spending, with analysts eyeing property recovery.
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