There’s always a ‘but…’
Under the Banyan Tree by HSBC Global Research
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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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