Holiday travel and spending highlight China’s market strength

During the Chinese National Day holiday, there was a significant surge in travel activity and consumption. The Ministry of Transport reported 2.14 billion passenger trips during the Golden Week from October 1 to 7, with the average daily trips rising to 306 million—an increase compared to last year. Bookings for long-distance trips and hotel reservations also grew by over 40% and 53%, respectively. Daily sales in the service sector increased by 19.5%, driven by growth in tourism services, restaurants, and cultural activities. International tourism continued steadily, with 682,000 foreign visitors entering the country. Additionally, demand for technological products and artificial intelligence solutions intensified, highlighting the resilience and robust momentum of the Chinese market and economy during the holiday period.

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