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Business > Foreign Business
Spring Festival holiday shows economic resilience – analysts
By Xinhua News Agency
Feb 01, 2023 12:19 am

LONDON: A rebound in travel and consumption during the Spring Festival holiday illustrates the resilience of the Chinese economy and supports forecasts of a further recovery, analysts have said.

'The global consumer goods industry has its eyes on the Chinese Spring Festival 2023 — the acid test for the Chinese consumption engine,' said consumer analyst Bobby Verghese at the data analytics and consulting company GlobalData in a written interview with Xinhua.

Tourists take a selfie at a traditional culture street in the city of Tianjin on Thursday, Jan. 26, 2023. XINHUA PHOTO

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