China's Golden Week Holiday: A Boom in Spending and Travel
Cities all over China witnessed pronounced spending surges during the recent “golden week” holiday, culminating as the busiest golden week in the past five
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Cities all over China witnessed pronounced spending surges during the recent “golden week” holiday, culminating as the busiest golden week in the past five
The National Day and Mid-Autumn Festival holiday period has sparked a flurry of activity, and consumption and tourism have reached multi-year highs. But time will tell whether the boom is sustainable in the long run.
China’s factories look to have stabilized for now, though the recovery has been far from swift and the momentum for growth may be in trouble without more policy support. An official gauge of manufacturing activity returned to expansion in September for the first time in six months, a sign that stimulus may be taking root.
Official manufacturing PMI rises to 50.2 in September from 49.7 in August, shifting to expansion range after five months of contraction as support policies take effect, but recovery still faces headwinds from fierce competition, costs and tight funds.
The Peruvian navy training tall ship B.A.P. Unión (BEV 161) arrived at the Wusong Military Port in Shanghai on Monday morning, as one of its stopovers at over 20 ports in 14 countries on five continents during its 10-month round-the-world trip kicked off in June, deepening the naval exchanges between the two countries and carrying the best foods, products and culture of Peru to locals during its stay from Monday to Thursday.