China takes a holiday, and its economy is grateful
The Golden Week holiday is putting China's confidence in its economic rebound and its public health measures on display
11 October 2020 - 09:13
Hotel prices shot up, ride-hailing apps crashed, tickets to the Great Wall sold out: after more than nine long, housebound months, almost half-a-billion Chinese people are taking a vacation.
With the Covid-19 pandemic largely under control in China, the Golden Week holiday is putting on display the country’s confidence in its economic rebound and its public health measures. Through the first four days of the week-long holiday that started October 1, about 425-million local trips were taken, according to the ministry of culture and tourism, nearly 80% of 2019’s level...
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