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International Business Times
International Business Times
Business
AFP News

China New Year Holiday Spending Surges Past Pre-pandemic Levels

People gather to look at a giant dragon figure at a park in Beijing on February 9, 2024, which marks the eve of the Lunar New Year of the Dragon. (Credit: AFP)

China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.

Domestic spending on entertainment, dining and travel soared during this year's "Golden Week", which officially ended on Saturday, according to a statement from Beijing's Ministry of Culture and Tourism on Sunday.

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