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Spending and travel during China's Golden Week holiday fell below official expectations for growth, as domestic tourists splurged $103 billion, marking the busiest holiday in five years. However, fewer consumers ventured outbound and those who did spend less. This tepid rebound is less encouraging for other places counting on Chinese spenders, as Chinese travelers splurged on hotels, stays, and dining.
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
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 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.