According to data from China’s migration administration bureau, the number of mainland tourists crossing the border into Hong Kong in the first six days of golden week plunged 15.1 per cent from the same period a year ago, due in part to the reduced flow between Shenzhen and Hong Kong. Photo: Xinhua

China’s ‘golden week’ loses some of its shine as consumers show reluctance to spend amid US trade war

  • Retail and catering sales rose 8.5 per cent, decelerating from a 2018 growth rate of 9.5 per cent, marking the slowest growth since the comparison was published in 2001
  • Number of tourists who stayed in China during the seven-day holiday rose 7.8 per cent from a year ago to 782 million, but the growth rate was the lowest in a decade
Topic |   China economy

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According to data from China’s migration administration bureau, the number of mainland tourists crossing the border into Hong Kong in the first six days of golden week plunged 15.1 per cent from the same period a year ago, due in part to the reduced flow between Shenzhen and Hong Kong. Photo: Xinhua
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