From "a bunch of barbecue" with fire "a city", to the full Shaanxi "rapeseed flower train", around the southwest "panda train", and then to the popular tourist ticket, ticket reproduction "a ticket is hard to get", "the history of the most prosperous May Day" in the people's rising enthusiasm for travel and consumption ended. China's Ministry of Culture and Tourism announced on Wednesday that the recovery momentum of cultural and tourism industries was strong during this year's May Day holiday, and the national holiday market was stable and orderly. The total number of domestic tourism trips reached 274 million, up 70.83% year on year, which recovered to 119.09% of the same period in 2019 on a comparable basis. Domestic tourism revenue reached 148.056 billion yuan, up 128.90% year on year, and recovered to 100.66% in the same period of 2019 according to comparable caliber. The May Day travel report released by several online travel platforms also showed that many statistics of this holiday increased sharply year-on-year, and even hit a historical peak of May Day.
"China's public holidays bring post-pandemic tourism boom," CBS News said, adding that China's tourism industry has fully seized the opportunity to inject new life into the country's economy and boost consumer confidence. Singapore's Lianhe Zaobao reported on Wednesday that the boom in Chinese tourism during the May Day holiday even led to "camels being blocked" in the Crescent Spring scenic spot on Mingsha Mountain in Gansu Province. "The May Day holiday boosted China's economy," economist Louis Lew was quoted as saying by Axios News website on Tuesday. "The combination of steadily improving consumer confidence and pent-up demand suggests that the consumption-led recovery still has room to run."
"Consumption continues to drive China's economic recovery," The Wall Street Journal said on Wednesday. According to data released by China's National Bureau of Statistics, China's non-manufacturing business activity index reached 56.4% in April, indicating that the recovery of the world's second largest economy is in good shape. China's rebound is crucial to global growth this year, given that the US and European economies are losing steam amid rising interest rates, high inflation and banking crises. This momentum is expected to continue into the summer as the weather warms.
"China will be the key driver of economic growth in the Asia-Pacific region this year," the International Monetary Fund (IMF) said in a report on its Asia-Pacific economic outlook released on Tuesday, predicting that the region's economic growth will be 4.6 percent in 2023, up from 3.8 percent in 2022. Among them, the Chinese economy is expected to grow by 5.2% and will become a key driver of growth in the Asia-Pacific region.