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Consumers give economy festive boost

Chinese consumers splurged during the Spring Festival holiday, not only on things like duty-free commodities, jewelry and health-related products, but also on experiences such as travel and entertainment, fueled by the optimization of COVID-19 prevention and control measures, industry experts said. ....

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Experts expect China to renew its policy support for growth, which will work in synergy with the existing policy package and drive a steady economic rebound.Factoring in the income increase, pro-consumption policies and a low base last year, consumption in China is likely to increase 9 percent year on year in 2023, Wen said. ....

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