China sees consumption boom during 2021 Spring Festival

China sees consumption boom during 2021 Spring Festival

Moviegoers line up to watch fantasy film The Yinyang Master on Wednesday in Shanghai. Chinese box office hit a new record of more than 7.5 billion yuan ($1.16 billion) during the Spring Festival holidays. Photo: IC

Graphics: GT

From heated local tourism to surging dining and online shopping, China saw a consumption boom that was above the expectations of many during the weeklong Spring Festival holiday, and experts said the trend should continue after COVID-19 vaccines become widely available in mid-2021.

The boom was not all usual, particularly after China’s efforts to discourage people from going back home during the Spring Festival to prevent a resurgence of the pandemic – a move that raised some worries about lackluster…

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