Loading...
Spending and travel during China's Golden Week holiday fell below official expectations for growth, indicating a tepid rebound in consumer activity. Domestic tourists splurged $103 billion during the holiday, marking the busiest in five years. However, fewer consumers ventured outbound and those who did spent less. The disappointing performance is less encouraging for other places relying on Chinese spenders. Chinese gold also surged in the world market after the holiday week.
China is boosting efforts spread the yuan as it sells a record $7.5 billion in offshore bonds this year https://t.co/dAHjKTPpYD
On @Breakingviews: Domestic tourists splurged $103 billion over China’s Golden Week, marking the busiest holiday in five years. Chinese travelers splurged on hotels, stays and dining. @t__shum explains why it’s less encouraging for other places counting on Chinese spenders https://t.co/HDSTHduG1P
On @Breakingviews: Domestic tourists splurged $103 billion over China’s Golden Week, marking the busiest holiday in five years. Fewer consumers have ventured outbound while those who do spend less. @t__shum says this tepid rebound on that front is helpful https://t.co/K6nAslQZI0
China is not "struggling" to de-dollarize, it's unable to. You have 3-4 trillion in forex sitting around, there's simply nowhere else to put it. https://t.co/rIzkg6puD1
China was hoping for a Golden Week consumption boom. It didn’t happen https://t.co/P97INSlYtR via @CNNBusiness
Chinese Gold Versus World Market Surges Again After Holiday Week https://t.co/bbpmtg6WCm https://t.co/CpSGcLSJ33
Spending and travel over China’s Golden Week holiday undershot official expectations for growth https://t.co/jGcKKxCiEq
Spending and travel over China’s Golden Week holiday undershot official expectations for growth https://t.co/ycBVRhzFJX
Spending and travel over China’s Golden Week holiday undershot official expectations for growth https://t.co/ilm1DvIOZu
China Markets Face Choppy Return From Holidays https://t.co/zeNBzu0bUd
China added another 29 tons of gold in September. So much for the nonsense about China needing dollars. They continue to dump USDs and USTs for gold.
THREAD: Golden Week spending inches above pre-pandemic levels. Two US banks upgrade their China growth forecasts for the year to 5% but the Atlantic Council and Rhodium Group predict it will fall below 4%. https://t.co/Yp3l2dqH3J