China travel surges for May holiday but consumers remain wary
Travel of all kinds has rebounded since China lifted strict COVID control measures at the end of 2022, but consumer spending on those trips has failed to keep up, limiting the boost to the broader economy. China has set an economic growth target for 2024 of around 5 per cent , which many analysts say will be a challenge to achieve without much more stimulus.
Travel of all kinds has rebounded since China lifted strict COVID control measures at the end of 2022, but consumer spending on those trips has failed to keep up, limiting the boost to the broader economy. China has set an economic growth target for 2024 of around 5 per cent , which many analysts say will be a challenge to achieve without much more stimulus.
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