HONG KONG – Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when China hopes to get consumers to spend more and perk up the economy.More than 45% of China's 1.4 billion people traveled during the holiday, which began Oct.
1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism. That's 21% fewer trips and 30% less spending, but the numbers still show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.The numbers are a “positive sign” both for China and the rest of the world that economies can revive pretty quickly.