Ammon News – China’s travel activity and spending jumped above pre-pandemic levels during the Lunar New year holiday, in a sign that consumption was improving in the world’s second-largest economy. Some 474 million domestic trips were made during the eight-day festival, a 34.3% jump from a year earlier, according to data released by the country’s Ministry of Culture and Tourism on Sunday. Tourists spent nearly 632.7 billion yuan ($87.95 billion) on domestic holiday trips, a 47.3% year-over-year jump, data showed. State broadcaster China Central Television said citing the ministry that domestic trips represented a 19% rise over the same period in 2019 while spending rose 7.7%. The strong data comes at a time when policymakers in China have been scrambling…
