The number of trips and spending during the Tomb Sweeping Day holiday greatly exceeding the same period in 2019. The recently released manufacturing Purchasing Managers Index (PMI) has returned to the expansion range, and imports and exports have hit a record high.

Consumption is one of the "troika" driving economic growth, and has become the "main engine" of China's economic growth. China’s active policies to promote employment and income growth will help residents’ spending power and willingness to continue to recover.