Spring Festival mirrors vigor of China’s economy

taurants, crowded subway cars, and active machines in factories and on building sites, the Chinese economy is shaking off its COVID shadow and has gotten off to a good start in 2023.

Chinese New Year holiday brings hustle and bustle

DURING the week-long holiday, which ended on Jan 27, sales reve nue of China’s consumption-relat ed sectors rose 12.2 percent from last year’s Spring Festival holiday, which ran from Jan 31 to Feb 6, data from the State Taxation Ad ministration showed.

Many people returned to their hometowns for family reunions during the first Spring Festival holiday after the country optimized its anti-virus response, while others took long-awaited trips for leisure. During the holiday, people also swarmed into cinemas, restaurants, and different types of tourist attractions, satisfying their pent-up consuming desire.

Robust consumption

China’s cinemas welcomed crowds of moviegoers with a cluster of highly anticipated blockbusters on offer during this year’s Spring Festival holiday. In the period, 129 million tickets were sold, generating a