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China's Golden Week travel boom hides cautious consumer spending
Original: China's Golden Week travel surge masks cautious consumer spending
Millions of Chinese travelled during the Golden Week holiday, but Reuters reports that the travel surge masks more cautious consumer spending overall. Holidaymakers appear willing to spend on trips and experiences while holding back on bigger-ticket purchases, underscoring uneven confidence in China's economic recovery and persistent worries about jobs, incomes and property.
Why now: Golden Week spending figures are being read as a gauge of the health of China's economy and consumer confidence.
Evidence
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