In 2022, China showed the second-lowest growth level in more than four decades. But with COVID restrictions lifted, Chinese consumers are showing new confidence.
Eurasia Group President Ian Bremmer discusses Ukrainian President Zelenskky's speech at the World Economic Forum, U.S.- China trade issues, investing in China and the 2023 political risks., more than 308 million tourist-related trips were made, according to the Chinese Ministry of Culture of Tourism, a nearly 24% increase compared to last year, generating $55 billion in the first six days of the holiday.
The numbers are linked to Beijing's lifting of mandatory quarantine restrictions for Chinese passport holders and a select group of foreigners, allowing people to travel relatively easily for the first time in nearly three years both in and outside the country.
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