💨 Abstract

Millions of Chinese travellers returned home for the Lunar New Year festival, despite economic concerns and tightened belts, boosting businesses during the holiday. Authorities increased the official holiday period to eight days and promoted winter-themed holiday destinations to boost consumption. However, businesses reported decreased sales as consumers remain cautious due to a sluggish economy and job insecurity.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖