What China’s $113 billion Golden Week spending says about its economy
Update: 2025-10-10
Description
China has wrapped up its National Day and Mid-Autumn Festival holidays with impressive numbers.
During the eight-day holiday break, 888 million trips were made, marking a 16% increase compared to the previous year. Domestic tourism revenue reached over 800 billion yuan, approximately $113 billion, a 15% year-on-year growth.
What do these figures reveal about China’s booming holiday economy? And how are technology, culture, and policy working together to drive tourism and consumer spending?
Host Xu Yawen is joined by John Gong, Professor at the University of International Business and Economics; Subramania Bhatt, Founder and CEO of China Trading Desk (CTD); and Dai Li, Associate Professor in Development Economics at Hunan University.
During the eight-day holiday break, 888 million trips were made, marking a 16% increase compared to the previous year. Domestic tourism revenue reached over 800 billion yuan, approximately $113 billion, a 15% year-on-year growth.
What do these figures reveal about China’s booming holiday economy? And how are technology, culture, and policy working together to drive tourism and consumer spending?
Host Xu Yawen is joined by John Gong, Professor at the University of International Business and Economics; Subramania Bhatt, Founder and CEO of China Trading Desk (CTD); and Dai Li, Associate Professor in Development Economics at Hunan University.
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