May Day holiday augurs full-fledged consumption recovery
Tourists climb Huashan Mountain in Weinan, Northwest China’s Shaanxi Province on Wednesday, the last day of the country’s five-day May Day vacation. The tourist spot put a cap of 30,000 visits per day during the holiday due to coronavirus prevention precautions. Photo: Xinhua
China’s consumption engine has almost completely recovered to post-pandemic levels, as shown by surging spending on items from travel products to duty-free goods during the 2021 May Day holidays, which witnessed the country’s largest population movement after last year’s National Day holidays.
In Haikou, a city in South China’s Hainan Province, Chinese people made 65,400 purchases amounting to 485 million yuan ($75 million) on offshore duty-free goods from Saturday to Monday, the first three days of the May Day holidays, up 215.24 percent year-on-year.