At the beginning of the Year of the Dragon, China's consumption has "accelerated" Driven by new consumption such as service consumption, digital consumption, and green consumption, consumption potential has been further released, opening up new space for China's domestic demand. Data from the National Bureau of Statistics show that China’s service retail sales will increase by 20% in 2023 compared with the previous year.
China had 474 million domestic tourism trips during the eight-day Spring Festival holiday, a year-on-year increase of 34.3%.