People walk through an alley near Houhai lake in Beijing on May during the Labour Day holidays. Photo: AFP
People walk through an alley near Houhai lake in Beijing on May during the Labour Day holidays. Photo: AFP
Chaoping Zhu
Opinion

Opinion

Macroscope by Chaoping Zhu

China’s consumers will power its coronavirus recovery, as their blockbuster May Day spending shows

  • During China’s most recent long holiday, tourism, box office revenue and consumer good sales surged, returning to pre-pandemic levels. This augurs the sustainability of China’s economic recovery through the rest of the year

People walk through an alley near Houhai lake in Beijing on May during the Labour Day holidays. Photo: AFP
People walk through an alley near Houhai lake in Beijing on May during the Labour Day holidays. Photo: AFP
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