Date
21 August 2018

Govt backs holidays to boost consumption, paper says

The Ministry of Commerce said the week-long National Day holiday should not be canceled without any justifiable reason as it contributes a lot to consumption, Beijing News reported Friday, citing ministry spokesman Shen Danyang. China is banking on domestic consumption as an engine of growth amid uncertainties in the global economy. But a recent survey by Tsinghua University suggests that holidays actually have not been helpful in boosting travel demand or consumption but merely concentrate spending during those periods, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

EJI Weekly Newsletter

Please click here to unsubscribe