HONG KONG, Oct 9 (SCMP): A surge in spending over China’s “golden week” holiday has highlighted an encouraging rebound in consumption after the coronavirus pandemic ravaged the economy early in the year.
China UnionPay, the country’s largest payment processing scheme, reported that transactions during the first seven days of the holiday rose 6.3 per cent from a year earlier to 2.16 trillion yuan. On October 1, daily transactions surpassed 33 million yuan, up 16 per cent from a year earlier.
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