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China's Golden Week travel surge masks cautious spending
Original: China’s Golden Week travel surge masks cautious consumer spending By Reuters
China's Golden Week holiday is generating a sharp rise in travel, with millions taking trips at home and abroad. But Reuters reporting suggests the boom conceals a more cautious mood: travellers are spending less per trip, favouring cheaper options, as households remain wary amid a weak property market and sluggish economy.
Why now: The holiday is a key gauge of Chinese consumer health, and the gap between travel volumes and spending is being read as a signal about the economy.
Evidence
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