There’s always a ‘but…’
Under the Banyan Tree by HSBC Global Research
Analyzing Consumer Spending Trends over the Dragon Boat Holiday in China
Exploring how the total number of trips and spending during the Dragon Boat holiday in China have surpassed pre-pandemic levels, but per trip spending remains slightly lower than in 2019, possibly attributed to shifting consumer habits, economic uncertainties, property sector struggles, and labor market issues.
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