What China’s $113 billion Golden Week spending says about its economy

China has wrapped up its National Day and Mid-Autumn Festival holidays with impressive numbers. During the eight-day holiday break, 888 million trips were made, marking a 16% increase compared to the previous year. Domestic tourism revenue reached over 800 billion yuan, approximately $113 billion, a 15% year-on-year growth. What do these figures reveal about China’s booming holiday economy? And how are technology, culture, and policy working together to drive tourism and consumer spending? The sit-in host Xu Yawen is joined by John Gong, Professor at the University of International Business and Economics; Subramania Bhatt, Founder and CEO of China Trading Desk (CTD); and Dai Li, Associate Professor in Development Economics at Hunan University.