China new year travel spending beat pre-COVID levels ...Middle East

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China new year travel spending beat pre-COVID levels
STORY: The massive crowds in Shanghai Railway Station ahead of this year’s Spring Festival holiday speak to what Chinese officials said on Sunday ended UP being a surge in travel spending over the Lunar New Year to levels even higher than before COVID. It’s likely a welcome sign for Beijing as the Chinese economy loses steam. The holiday is the busiest yearly travel migration in the world and by the end of the eight-day span on Saturday, 474 million tourist trips were made, up 34% from the same time a year ago. Millions of migrants have since returned to major cities like Shanghai or Beijing after reuniting with family in hometowns. “It was really crowded this year. It felt like it was the

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