China s consumption in 2023 played a vital role in bolstering economic development. Final consumption contributed 82.5 percent of overall GDP growth, while retail sales set a new record of 47.15 trillion yuan ($6.62 trillion), data from the National Bureau of Statistics (NBS) showed on Wednesday.
With consumers enthusiasm for winter sports and tourism on the rise, the Chinese consumer market has seen a surge in activity, providing a strong start for the economy in 2024.
China s tourism market boom over the three-day New Year s Day holidays did not end with the holidays. Over the past several days, bustling scenes of tourists enjoying ice and snow activities in Harbin in Northeast China s Heilongjiang Province and sunshine in South China s Hainan Province have become hot topics in China and abroad.