China’s ‘golden week’ travel spending down 40 per cent from pre-pandemic level, and worse than last year’s

Travel and holiday spending during China’s just-ended “golden week” national holiday fell against prior years, not just due to travel restrictions triggered by recent coronavirus outbreaks, but because of what industry insiders say is a dwindling desire among consumers to open their wallets amid falling incomes and depreciating property values.While pandemic outbreaks – and their psychological impact on consumers who fear getting sick – appeared to be the driving force behind the fall in…

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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