Chinese consumers traditionally spend large on travel during golden week, but huge crowds at popular tourist sites appear to have deterred some travellers. Photo: Imaginechina

China consumers cut back on travel during ‘golden week’ holiday due slowing growth, weaker yuan

  • Many Chinese consumers are forgoing expensive trips abroad amid a slowdown in the economy and decline in the value of the yuan
  • Online travel site Ctrip.com International says weak outbound travel demand and a decline in air ticket prices may affect third quarter earnings
Topic |   China economy

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Chinese consumers traditionally spend large on travel during golden week, but huge crowds at popular tourist sites appear to have deterred some travellers. Photo: Imaginechina
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Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.