Recent Covid outbreaks are still weighing on domestic spending and the pressure is expected to linger for longer. - Bloomberg
BEIJING (Bloomberg): Travel during China’s "Golden Week” national vacation was down by a third on pre-pandemic levels, with government measures to contain sporadic coronavirus outbreaks prompting holidaymakers to spend closer to home.
The number of trips taken on China’s roads on Wednesday (Oct 6) was 34.1% below levels seen in 2019, according to the transport ministry, and 2.2% lower than last year.
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