New Year’s Day in China

When did the New Year’s Day in China start?

The first recorded date of New Year’s Day in China being celebrated on January 1 was in the year 104 BCE.

About New Year’s Day in China Holiday

As the vibrant lights of the bustling city streets illuminate the night sky, and the sound of fireworks echoes throughout the night, one cannot help but feel the electrifying energy of China on New Year's Day. This culturally rich and dynamic country has a long-standing tradition of celebrating the start of the lunar year with extravagant festivities, making it a must-visit destination for those seeking an unforgettable holiday experience.

From the capital city of Beijing to the picturesque landscapes of the countryside, China offers a wide range of activities and experiences for all types of travelers. Immerse yourself in the traditional dragon and lion dances, marvel at the elaborate decorations of red lanterns, and indulge in mouth-watering traditional dishes like dumplings and fish as you join in the festivities with the locals.

But New Year's Day in China is more than just a celebration, it is a time for reflection and reunion with family and loved ones. Take a stroll through the ancient streets of China, adorned with colorful decorations and street performances, and witness firsthand the warmth and joy that this holiday brings to the hearts of the Chinese people. So why not begin your year with a bang and join in the exuberant celebrations of the Chinese New Year in this captivating country? You are guaranteed to leave with unforgettable memories and a newfound appreciation for the rich culture and traditions of China.

Key Takeaways:

– New Year’s Day in China is a deeply significant and widely celebrated holiday.
– The holiday has a long history and has evolved over time.
– Traditional symbols and decorations, as well as food and attire, are important parts of the holiday.
– Celebrations vary across different regions of China, but fireworks are a common tradition.
– Modern-day celebrations often incorporate both traditional and modern elements.
– There are many interesting facts and trivia surrounding this holiday, including the fact that it is also celebrated in other countries.

History and Origin:

New Year’s Day in China, also known as the Spring Festival, is one of the most important holidays in Chinese culture. Its origins can be traced back to the Shang Dynasty (c. 1600-1046 BCE), when people would offer sacrifices to the gods and ancestors to pray for a good harvest. Over time, this celebration evolved to mark the beginning of the lunar new year.

The legend of Nian, a ferocious mythical beast that would terrorize villages during the new year, is often credited as the origin of many of the holiday’s traditions. People would light firecrackers and decorate their homes with red paper cuttings to scare off the Nian and bring good luck for the upcoming year.

Today, the Spring Festival is still a time for families to come together and celebrate the new year. The holiday is also recognized as a public holiday in many other Asian countries such as Singapore, Malaysia, and Vietnam.

Significance and Meaning:

New Year’s Day in China is not just a time for celebration, but also a time for reflection and renewal. It is a time to honor ancestors, seek blessings for the future, and spend quality time with family.

This holiday holds great cultural importance as it is deeply rooted in Chinese traditions and values. It is a time to sweep away bad luck and welcome good fortune, as well as to honor the past and look towards the future with hope and optimism.

Symbols and Decorations:

One of the most recognizable symbols of the holiday is the color red, which represents happiness, luck, and prosperity. Red lanterns, banners, and decorations can be seen adorning homes, streets, and businesses during the Spring Festival.

Other common decorations include the character “福” (fú), meaning “blessing” or “good fortune,” which is often displayed upside down to symbolize the arrival of good luck. Paper cuttings of various designs, such as the zodiac animal of the year, are also used to decorate windows and doors.

Traditions and Celebrations:

The Spring Festival is a time for various traditions and customs that have been passed down through generations.

One of the most iconic traditions is the setting off of firecrackers and fireworks at midnight on New Year’s Eve. This practice originated from the legend of Nian and is believed to ward off evil spirits.

Family reunions are also an important part of the holiday, with people often traveling long distances to be together. A special dinner, called “年夜饭” (nián yè fàn), is prepared on New Year’s Eve and includes dishes with symbolic meanings such as fish for prosperity and dumplings for wealth.

Throughout the 15-day celebration, there are various traditional activities such as dragon and lion dances, temple fairs, and the giving of red envelopes containing money to children. On the 15th day, the Lantern Festival marks the end of the holiday with colorful lantern displays and the eating of sweet glutinous rice balls.

Food and Cuisine:

Food plays a significant role in the Spring Festival celebrations. Each dish carries a symbolic meaning and is often shared between family and friends.

One of the staples of the New Year’s Eve dinner is “春卷” (chūn juǎn), also known as spring rolls, which symbolize the coming of spring. “年糕” (nián gāo), a sticky rice cake, is often eaten to symbolize growth and prosperity in the new year. “鸡” (jī), meaning chicken, is also a popular dish as it represents good luck and fortune.

For those looking to try their hand at cooking traditional Chinese dishes, a popular New Year’s recipe is “饺子” (jiǎo zi), or dumplings, which symbolize wealth and prosperity due to their resemblance to ancient Chinese gold ingots.

Attire and Costumes:

During the Spring Festival, it is customary to wear new clothes, particularly those in the color red. According to Chinese beliefs, wearing new clothes on New Year’s Day brings good luck for the rest of the year.

In addition to new clothing, there are specific traditional costumes that are worn during the holiday. For example, in northern China, people wear “燕尾旗袍” (yàn wěi qí páo), also known as the qipao dress, which is a traditional form-fitting dress with a high collar and slit on the sides. In southern China, women wear “旗袍” (qí páo), a more modern version of the qipao, which often features a more decorative and elaborate design.

Music and Songs:

Music and songs are also an integral part of the Spring Festival celebrations. Traditional folk songs such as “恭喜恭喜” (gōng xǐ gōng xǐ), meaning “Congratulations and Be Prosperous,” and “打麻将” (dǎ má jiàng), meaning “Playing Mahjong,” can often be heard during the holiday.

Instrumental music, such as the “二泉映月” (èr quán yìng yuè), a popular guqin piece, and the “马头琴” (mǎ tóu qín), a bowed string instrument, are also commonly played during traditional performances.

Geographical Spread:

New Year’s Day in China is celebrated across the country, but there are some regional variations in the traditions and celebrations. For example, in northern China, people often eat dumplings, while in southern China, noodles are more common. In Hong Kong and Macau, the holiday is celebrated with dragon and lion dances, while in rural areas, traditional rituals are still practiced.

The holiday is also celebrated in various other parts of the world, such as in Singapore, Malaysia, and Indonesia, where there are significant Chinese populations.

Modern-Day Observations:

In modern times, the Spring Festival has become a time of both traditional and modern celebrations. While traditional customs and traditions are still widely practiced, there are also new traditions that have emerged.

One of these modern-day observances is the CCTV Spring Festival Gala, a televised variety show featuring traditional performances, comedy skits, and celebrity appearances. It is one of the most-watched television programs in the world, with over one billion viewers tuning in every year.

Another notable change in recent years is the rise of digital ways of celebrating. People now send electronic red envelopes and greetings through messaging apps, and virtual versions of traditional activities, such as setting off virtual firecrackers, have become popular.

Interesting Facts and Trivia:

– Apart from China, New Year’s Day is also celebrated in countries such as Korea, Vietnam, and Mongolia.
– The holiday is also known as the “Lunar New Year” because the Chinese calendar is based on the lunar cycle.
– The Chinese zodiac, which consists of 12 animal signs, is based on the lunar calendar and each year is represented by a different animal. 2022 will be the Year of the Tiger.
– The traditional Chinese New Year Greetings are “新年快乐” (xīn nián kuài lè), which means “Happy New Year,” and “恭喜发财” (gōng xǐ fā cái), which means “Congratulations and Be Prosperous.”
– The Chinese New Year is a time for the largest annual human migration in the world, with millions of people traveling back to their hometowns to celebrate with their families.

Holiday Wishes:

– May the new year bring you happiness, prosperity, and good health.
– Wishing you a successful year filled with joy and abundance.
– May all your dreams and wishes come true in the new year.
– Happy New Year! May it be a year of new beginnings and endless possibilities.
– May the Year of the Tiger bring you strength, courage, and good fortune.

Holiday Messages:

– Wishing you and your family a blessed and happy new year.
– Here’s to a year filled with love, laughter, and hopeful new beginnings.
– Best wishes for a bright and prosperous new year.
– Cheers to a year of endless possibilities and exciting adventures.
– Happy New Year! May the fireworks of joy and happiness light up your life.

Holiday Quotes:

– “Gong xi fa cai! Wishing you prosperity and wealth.” – Chinese Proverb
– “The journey of a thousand miles begins with a single step.” – Lao Tzu
– “If you want happiness for an hour, take a nap. If you want happiness for a day, go fishing. If you want happiness for a year, inherit a fortune. If you want happiness for a lifetime, help somebody.” – Chinese Proverb
– “A family in harmony will prosper in everything.” – Chinese Proverb
– “The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb

Other Popular Holiday Info:

The Spring Festival also marks the beginning of a month-long celebration known as the “Red Month” or “Festive Month.” This period is considered the peak travel season in China and is packed with various cultural activities and events, such as temple fairs and traditional performances.

In recent years, many companies and businesses in China have also started giving employees an extended holiday period, making it an even more significant time for families to gather and celebrate.

FAQ:

– Q: How long does the Spring Festival last in China?
A: The Spring Festival, also known as the Chinese New Year, typically lasts for 15 days, starting from the first day of the first lunar month.
– Q: Is there a specific zodiac animal for each year in the Chinese calendar?
A: Yes, the Chinese zodiac consists of 12 animal signs, with each year represented by a different animal.
– Q: What are some traditional dishes eaten during the Spring Festival?
A: Some traditional dishes include fish, dumplings, and sticky rice cake, all of which have symbolic meanings for the new year.
– Q: How do people greet each other during the holiday?
A: Common greetings include “新年快乐” (xīn nián kuài lè), which means “Happy New Year,” and “恭喜发财” (gōng xǐ fā cái), which means “Congratulations and Be Prosperous.”
– Q: How is the Spring Festival celebrated in other countries?
A: The holiday is also celebrated in countries with significant Chinese populations, such as Singapore, Malaysia, and Vietnam, with similar traditions and customs.

Conclusion:

New Year’s Day in China is a reflection of its rich culture and deep-rooted traditions. It is a time for celebration, family reunions, and honoring ancestors. From its ancient origins to modern-day celebrations, this holiday continues to hold great significance and is a testament to the Chinese people’s enduring cultural heritage. As we enter the Year of the Tiger, let us welcome the new year with joy, hope, and optimism for a better tomorrow. Happy New Year!

How to Say "New Year’s Day in China" In Different Languages?

Hebrew
חג התשפ״א (he-IL)
Hindi
नया साल (hi-IN)
Indonesian
Tahun Baru (id-ID)
Japanese
元旦 (ja-JP)
Khmer
រដូវធម្មជាតិបុណ្យចូលឆ្នាំថ្មី ប្រចាំឆ្នាំ (km-KH)
Korean
새해 첫날 (ko-KR)
Malay
Tahun Baru (ms-MY)
Mongolian
Шинэ жил (mn-MN)
Nepali
नयाँ बर्ष को पहिलो दिन (ne-NP)
Persian
سال نو (fa-AF)
Russian
Новый год (ru-RU)
Thai
วันปีใหม่ (th-TH)
Urdu
نیا سال (ur-PK)
Vietnamese
năm mới ngày đầu tiên (vi-VN)
New Year’s Day in China Also Called
China's Holiday: New Year's Day
Countries where "New Year’s Day in China" is celebrated:

FUN FACT:
In year 104 BCE, New Year’s Day in China is celebrated on January 1 for the first time.

HOLIDAY CHECK: We strive for accuracy and fairness. But if you see something that doesn't look right, please click here to contact us!

Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
Content Update in Progress — We're currently preparing this section to bring you the most engaging and helpful information. Please check back soon for new updates. Thank you for your patience and understanding!
‘World’s supermarket’ sees bright prospects in 2024

‘World’s supermarket’ sees bright prospects in 2024

HANGZHOU — Amid the vibrant beat of drums, and dragon and lion dances, Yiwu China Commodity City, also known as the “world’s supermarket” in East China’s Zhejiang province, welcomed the start of a new business year on Feb 21 following the Spring Festival break. Merchants from around the world watched the performances with great interest. Among them was Bijoy George, an Indian businessman with two decades of experience in Yiwu, who eagerly captured the lively scenes on his phone. George, who runs a trading company in Yiwu specializing in tools and household items, expressed optimism for business prospects in the coming year. “Yiwu is full of opportunities for trade cooperation. Last year, I bought 200 containers of goods in Yiwu,…

Source: China Daily
Categories: Business, International Business and Trade, Services, Import and Export, Opportunities, E-Commerce, Marketplaces

‘World’s supermarket’ sees bright  2024 prospects

‘World’s supermarket’ sees bright 2024 prospects

HANGZHOU: Amid the vibrant beat of drums, and dragon and lion dances, Yiwu China Commodity City, also known as the “world’s supermarket” in East China’s Zhejiang province, welcomed the start of a new business year on Feb 21 following the Spring Festival break. Merchants from around the world watched the performances with great interest. Among them was Bijoy George, an Indian businessman who has spent two decades in Yiwu, who eagerly captured the lively scenes on his phone. George, who runs a trading company in Yiwu specialising in tools and household items, expressed optimism for business prospects in the coming year. “Yiwu is full of opportunities for trade cooperation. Last year, I bought 200 containers of goods in Yiwu, and…

Source: The Star
Categories: Business, International Business and Trade, Services, Import and Export, Consulting

China’s Xinjiang battles harshest cold spell in over six decades

BEIJING, Feb 19 (Reuters) – Temperatures broke a 64-year-old record in China’s far western region of Xinjiang, plunging to a bone-chilling minus 52.3 degrees Celsius (minus 63.4 degrees Farenheit) amid a cold spell and traffic disruptions following the Lunar New Year holiday. Several parts of China are battling another deep freeze as people return from week-long celebrations of the year’s biggest holiday. Just before it started, blizzards and icy rain had stranded travellers on railways and roads. State media said Sunday’s milestone in the Tuerhong township of Fuyun county was the lowest since records began in Xinjiang, surpassing a temperature of minus 51.5 C (minus 60.7 F) set on Jan. 21, 1960. The figure was just shy of the lowest…

Source: Daily Mail Online
Categories: Society, Religion and Spirituality, Falun Dafa, Business

China’s Xinjiang battles harshest cold spell in decades

China’s Xinjiang battles harshest cold spell in decades

BEIJING: Temperatures broke a 64-year-old record in China’s far western region of Xinjiang, plunging to a bone-chilling minus 52.3°C amid a cold spell and traffic disruptions following the Lunar New Year holiday. Several parts of China are battling another deep freeze as people return from week-long celebrations of the year’s biggest holiday. Just before it started, blizzards and icy rain had stranded travellers on railways and roads. State media said Sunday’s milestone in the Tuerhong township of Fuyun county was the lowest since records began in Xinjiang, surpassing a temperature of minus 51.5°C set on Jan 21, 1960. The figure was just shy of the lowest national temperature of minus 53°C in Mohe, a city in the northeastern province of…

Source: Free Malaysia Today
Categories: Society, Religion and Spirituality, Falun Dafa, Business

China’s Xinjiang battles harshest cold spell in over six decades

China’s Xinjiang battles harshest cold spell in over six decades

BEIJING: Temperatures broke a 64-year-old record in China’s far western region of Xinjiang, plunging to a bone-chilling minus 52.3 degrees Celsius amid a cold spell and traffic disruptions following the Chinese New Year holiday. Several parts of China are battling another deep freeze as people return from week-long celebrations of the year’s biggest holiday. Just before it started, blizzards and icy rain had stranded travellers on railways and roads. State media said Sunday’s milestone in the Tuerhong township of Fuyun county was the lowest since records began in Xinjiang, surpassing a temperature of minus 51.5 degrees Celsius set on Jan 21, 1960. The figure was just shy of the lowest national temperature of minus 53 degrees Celsius in Mohe, a…

Source: CNA
Categories: Society, Religion and Spirituality, Falun Dafa, Business

China’s  ice and snow city lifts ties  with Europe

China’s ice and snow city lifts ties with Europe

BEIJING: Bathed in enchanting moonlight, sculptures of the Temple of Heaven and Notre Dame Cathedral are attracting tourists from home and abroad in a celebration of ice and snow in the northern reaches of China. Those brave enough to bear the frigid temperatures are participating in a cultural dialogue and exchange between China and France in the “ice city” of Harbin, Heilongjiang province. Hailing the scenery as remarkable, Lyazid Benhami, vice-president of the Paris Association of French-Chinese Friendship, said he didn’t expect to see the Notre Dame Cathedral’s beauty in the form of an ice sculpture on social media. Tourism in Harbin is booming, bringing much-needed economic impetus to the region. More than three million visitors flocked to Harbin during…

Source: The Star
Categories: Society, Religion and Spirituality, Taoism, Falun Dafa, Business

China New Growth: Changing Festival Traditions Reflect Vigor, Potential Of Chinese Market – UrduPoint

China New Growth: Changing Festival Traditions Reflect Vigor, Potential Of Chinese Market – UrduPoint

BEIJING, (APP – UrduPoint / Pakistan Point News – 20th Feb, 2024) During the just-concluded Spring Festival holiday, or the Chinese Lunar New Year holiday, China witnessed a surge of people flow and bustling consumption activities across sectors. While observing traditions, people spent the traditional festival with new trends and fashions, from dining out on the Lunar New Year’s EVE to traveling and watching movies on big screen, among others, reflecting the vigor and potential of the Chinese market. As an important occasion for family reunions, the family feast on the Lunar New Year’s Eve is a crucial part of the Spring Festival celebrations. In recent years, however, instead of preparing meals at home like they used to, more people…

Source: UrduPoint
Categories: Society, Religion and Spirituality, Falun Dafa

The Global Selection of “Hainan Tourism and Cultural Excellence TOP 10” Now Opens

The Global Selection of “Hainan Tourism and Cultural Excellence TOP 10” Now Opens

(Adnkronos) – HAIKOU, CHINA – Media OutReach Newswire – 26 February 2024 – On 23rd February, the Hainan Free Trade Port, located in the south of China, officially launched the global selection of “Hainan Tourism and Cultural Excellence TOP10”. The initiative aims to showcase the excellence of Hainan’s tourism and share the story of China’s holiday paradise with a global audience. Hainan’s visa-free entry expanded to 59 countries at the beginning of this month. The policy has drawn global attention as it opens opportunities for business and trade, visit, family visit, medical care, conference and exhibition, and sports competition in addition to tourism. Launched by the Department of Tourism, Culture, Radio, Television and Sports of Hainan Province, this initiative will…

Source: Quotidiano Libero
Categories: Society, Religion and Spirituality, Falun Dafa

Over 2.3 bln passenger trips made in China’s Spring Festival holiday: authorities

Over 2.3 bln passenger trips made in China’s Spring Festival holiday: authorities

BEIJING – China will see some 2.311 billion passenger trips during this year’s Spring Festival travel rush, transport authorities estimated on Saturday. About 2.184 billion trips, or 94.5 percent of the total, would be made on highways during the eight-day holiday ending Saturday, while the railway system would handle about 99.59 million trips. Waterway and civil aviation trips would stand at 9.4 million and 18.04 million, respectively, according to the estimation. The Chinese New Year holiday, which runs from Feb 10 to 17 this year, is a peak time when people travel for family reunions, or sightseeing and recreation. On Friday, about 308.46 million passenger trips were made nationwide, up 34 percent from a year ago, data shows. With the…

Source: China Daily
Categories: Society, Issues, Transportation, Recreation, Travel, Preparation, Business

China new year holiday spending surges past pre-pandemic levels

China new year holiday spending surges past pre-pandemic levels

SHANGHAI: China’s New Year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation. Domestic spending on entertainment, dining and travel soared during this year’s “Golden Week”, which officially ended on Saturday, according to a statement from Beijing’s Ministry of Culture and Tourism on Sunday (Feb 18). Chinese travellers made 474 million trips across the country during the eight-day break, up 19 per cent from 2019, the ministry said – the world’s largest annual migration. And domestic spending on tourism came in at 632.7 billion yuan (US$87.9 billion), up 7.7 per cent from 2019, the ministry said. This year’s new year holiday was the country’s second…

Source: CNA
Categories: Society, Religion and Spirituality, Falun Dafa, Business

First-home Mortgage Rate in Shenzhen Drops to 3.85% as LPR Hits Historic Low-钛媒体官方网站

First-home Mortgage Rate in Shenzhen Drops to 3.85% as LPR Hits Historic Low-钛媒体官方网站

BEIJING, February 22 (TMTPOST) — China’s property market is injected with a strong boost as the five-year loan prime rate (LPR) was lowered by 25 basis points to 3.95% from 4.20% on Tuesday, while the one-year LPR was left unchanged at 3.45%. Most new and outstanding consumer loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages and mid-and-long term corporate loans. Li Yujia, Chief Researcher at the Housing Policy Research Center of the Guangdong Provincial Planning and Design Institute, told TMTPost, “The reason for such a significant reduction lies in the fundamental weakness of the demand side in the property market and low probability for residents to increase their leverage for…

Source: tmtpost.com
Categories: Business, Investing, Stocks and Bonds, Home, Personal Finance, Money Management, Guides

2.3B passenger trips made in Spring Festival holiday

2.3B passenger trips made in Spring Festival holiday

BEIJING – China will see some 2.311 billion passenger trips during this year’s Spring Festival holiday, transport authorities estimated on Saturday. About 2.184 billion trips, or 94.5 percent of the total, would be made on highways during the eight-day holiday ending Saturday, while the railway system would handle about 99.59 million trips. Waterway and civil aviation trips would stand at 9.4 million and 18.04 million, respectively, according to the estimation. The Chinese New Year holiday, which runs from Feb 10 to 17 this year, is a peak time when people travel for family reunions, or sightseeing and recreation. On Friday, about 308.46 million passenger trips were made nationwide, up 34 percent from a year ago, data shows. With the long…

Source: China Daily
Categories: Society, Issues, Transportation, Recreation, Travel, Preparation, Business

China Returns And Flash PMI Featured After U.S. Rate Adjustment Extended

China Returns And Flash PMI Featured After U.S. Rate Adjustment Extended

China returns from its long holiday – estimates of strong domestic travel fanned optimism of a recovery in consumption. The US January CPI and PPI came in stronger than expected and this extended the recovery in US interest rates. In turn that helped underpin the dollar. We do not think the data itself changes the Fed’s stance. At least seven Fed officials speak in the coming days to test this hypothesis. There are still several key reports before the data dependent FOMC meets again in about four weeks. Owing to the different weights and methodology, the PCE deflator, which the Fed targets, is likely to be better behaved. Still, the two-year Treasury yield (US2Y) popped above 4.70% at the end…

Source: Seeking Alpha
Categories: Society, Issues, Business, Home, Personal Finance, Investing, Day Trading, Opportunities, Opposing Views

China’s travel spending during Lunar New Year holidays beats pre-COVID levels

China’s travel spending during Lunar New Year holidays beats pre-COVID levels

BEIJING: Tourism revenues in China during the Lunar New Year holidays that ended on Saturday (Feb 17) surged by 47.3 percent year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer than usual break, official data showed on Sunday. The data may offer temporary relief to policymakers as the world’s second largest economy has been facing deflationary risks amid weak consumer demand, but the sustainability of the tourism boost is uncertain and the tourism revenue per trip remained below the pre-pandemic level. During the holiday, known as the world’s largest annual migration, tourist attractions across the country witnessed massive crowds. Domestic tourism spending jumped by 47.3 percent to 632.7 billion yuan (US$87.96 billion) from the same…

Source: CNA
Categories: Recreation, Travel, Preparation, Business

China’s travel spending during Chinese New Year holidays beats pre-COVID levels

China’s travel spending during Chinese New Year holidays beats pre-COVID levels

BEIJING: Tourism revenues in China during the Chinese New Year holidays that ended on Saturday (Feb 17) surged by 47.3 percent year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer than usual break, official data showed on Sunday. The data may offer temporary relief to policymakers as the world’s second largest economy has been facing deflationary risks amid weak consumer demand, but the sustainability of the tourism boost is uncertain and the tourism revenue per trip remained below the pre-pandemic level. During the holiday, known as the world’s largest annual migration, tourist attractions across the country witnessed massive crowds. Domestic tourism spending jumped by 47.3 percent to 632.7 billion yuan (US$87.96 billion) from the same…

Source: CNA
Categories: Recreation, Travel, Preparation, Society, Religion and Spirituality, Falun Dafa, Business

Spring festival spending on China’s duty-free island hits record

Spring festival spending on China’s duty-free island hits record

SHANGHAI, Feb 19 (Reuters) – Shoppers visiting China’s island province of Hainan spent a record 2.49 billion yuan ($346.2 million) on duty-free goods over the eight-day Lunar New Year holiday, data from Haikou Customs showed. That represents a year-on-year rise of 60%, with the number of shoppers from Feb. 10-17 reaching more than 297,000, each spending an average of 8,358 yuan on duty-free goods. Since 2020, when China tripled duty-free purchase limits in the 12 duty-free malls in Hainan to 100,000 yuan, overall duty-free spending has also tripled from about $2 billion in 2019 to more than $6.1 billion in 2023. That growth is expected to continue as the entire island is set to become duty-free in 2025. Even a…

Source: Yahoo! Finance
Categories: Society, Religion and Spirituality, Falun Dafa, Business

Spring festival spending on China’s duty-free island hits record

Spring festival spending on China’s duty-free island hits record

SHANGHAI, Feb 19 (Reuters) – Shoppers visiting China’s island province of Hainan spent a record 2.49 billion yuan ($346.2 million) on duty-free goods over the eight-day Lunar New Year holiday, data from Haikou Customs showed. That represents a year-on-year rise of 60%, with the number of shoppers from Feb. 10-17 reaching more than 297,000, each spending an average of 8,358 yuan on duty-free goods. Since 2020, when China tripled duty-free purchase limits in the 12 duty-free malls in Hainan to 100,000 yuan, overall duty-free spending has also tripled from about $2 billion in 2019 to more than $6.1 billion in 2023. That growth is expected to continue as the entire island is set to become duty-free in 2025. Even a…

Source: Market Screener
Categories: Society, Religion and Spirituality, Falun Dafa, Business

Spring festival spending on China’s duty-free island hits record By Reuters

Spring festival spending on China’s duty-free island hits record By Reuters

SHANGHAI (Reuters) – Shoppers visiting China’s island province of Hainan spent a record 2.49 billion yuan ($346.2 million) on duty-free goods over the eight-day Lunar New Year holiday, data from Haikou Customs showed. That represents a year-on-year rise of 60%, with the number of shoppers from Feb. 10-17 reaching more than 297,000, each spending an average of 8,358 yuan on duty-free goods. Since 2020, when China tripled duty-free purchase limits in the 12 duty-free malls in Hainan to 100,000 yuan, overall duty-free spending has also tripled from about $2 billion in 2019 to more than $6.1 billion in 2023. That growth is expected to continue as the entire island is set to become duty-free in 2025. Even a year after…

Source: Investing.com
Categories: Society, Religion and Spirituality, Falun Dafa, Business

China lunar new year holiday spending surges past pre-pandemic levels

China lunar new year holiday spending surges past pre-pandemic levels

SHANGHAI, Feb 19 — China’s new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation. Domestic spending on entertainment, dining and travel soared during this year’s “Golden Week”, which officially ended on Saturday, according to a statement from Beijing’s Ministry of Culture and Tourism yesterday. Chinese travellers made 474 million trips across the country during the eight-day break, up 19 per cent from 2019, the ministry said — the world’s largest annual migration. And domestic spending on tourism came in at 632.7 billion yuan (US$87.9 billion), up 7.7 per cent from 2019, the ministry said. This year’s new year holiday was the country’s second…

Source: Malay Mail
Categories: Recreation, Travel, Preparation, Society, Religion and Spirituality, Falun Dafa, Business

New Year travel, spending top pre-Covid levels

New Year travel, spending top pre-Covid levels

Beijing: Chinese travel and spending during the Lunar New Year holiday exceeded levels from before the pandemic, adding to signs that consumption in the world’s second-largest economy is improving. Some 474 million tourist trips were made around the country during the festival, which began Feb 10 and concluded Saturday. That’s up 19% from the comparable period in 2019, state broadcaster China Central Television reported, citing data from the Culture and Tourism Ministry. Total tourism spending for the holiday climbed nearly 8% from that year on a comparable basis, to 633 billion yuan. China’s economy is searching for momentum this year as activity is challenged by a property slump, weak confidence and persistent deflationary pressures. As the nation’s most important holiday,…

Source: The Star
Categories: Recreation, Travel, Preparation, Society, Religion and Spirituality, Falun Dafa, Business