Chinese state media on Sunday trumpeted a record-breaking domestic travel season for the Lunar New Year holiday, which was one of the heaviest travel seasons in the world before the Wuhan coronavirus pandemic.
China hopes the alleged massive travel spike and boost in consumer spending will calm investors nervous about the Chinese economy and looking for alternative Asian investments.
“The travel and spending boom during the eight-day holidays underlined improved sentiment among Chinese consumers and fully illuminated the vitality and vast potential of China’s consumption market, the biggest economic growth driver, which helps brighten the outlook for China’s economic recovery in 2024 and beyond,” boasted the state-run Global Times, making Beijing’s message to global investors explicit.
According to the Global Times, Chinese government planners rushed back into the…
