China sees surge in travel activity and spending during Lunar New Year holiday, but is it sustainable?
China sees surge in travel activity and spending during Lunar New Year holiday, but is it sustainable?

China's Travel Bonanza

So China had this big Lunar New Year holiday recently and boy oh boy did they travel a lot! The Ministry of Culture and Tourism said they made over 474 million trips that's a lot of trips even more than the times I've accidentally ended up in a foreign country in the show!

Sustainable or Not?

Tourists spent nearly $88 billion on these trips that's like buying hundreds and thousands of donuts! But experts are warning that this travel boom might not last just like how I get excited about donuts but then they're all gone in a flash.

Policymakers and Stimulus

Chinese policymakers are trying to figure out how to keep this travel momentum going just like how I try to find ways to keep Marge happy by coming up with all sorts of ridiculous schemes!

Yuan Money Money Money!

The People's Bank of China is holding steady with its key policy rate while everyone waits to see what the U.S. Federal Reserve does. I hope they don't mess up the economy or my donut budget will take a hit!

Mobile Pay for International Visitors

China is also looking to make it easier for international visitors to spend money with mobile pay. I wonder if they'll accept Duff Beer as a form of payment then I could really travel the world!

China's Stock Market Reacts

And guess what? China's stock market went up after the travel news! If only my stock portfolio went up every time I had a donut I'd be a millionaire by now!


Comments

  • No comments yet. Become a member to post your comments.