China’s “golden week” holiday consumption has fallen short of expectations, according to official data. Meanwhile, Chinese business owners and residents shared their experiences with The Epoch Times, revealing an even bleaker situation.
According to data released on Oct. 5 by the Ministry of Commerce, sales at key retail and catering enterprises in mainland China increased by 3.3 percent year-over-year during the first four days of the National Day holiday, which runs from Oct. 1 to Oct. 8.
Oct. 1 marks the anniversary of the founding of communist China in 1949. This year’s holiday overlapped with the Mid-Autumn Festival holiday, which was observed on Oct. 6 and is one of the most important holidays in the country. Chinese media referred to this period as “super golden week.”…
China’s ‘Golden Week’ Holiday Shows Weak Consumption Amid Economic Slowdown
