Malaysia among top destinations for Chinese travellers over Lunar New Year holiday

  • par Thibaud Popelin
  • dans Monde
  • — Fév 12, 2019
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Beijing | The downward pressure on China's consumption persisted over the Lunar New Year holiday, the annual festival when people travel, shop, and give gifts or money.

For the first time lunar new year spending broke the trillion yuan barrier, with 1.01 trillion yuan ($149 billion) being spent during the Lunar New Year celebration, which ran from February 4 to February 10 this year, according to the Ministry of Commerce (link in Chinese).

The robust growth in domestic and global travel and spending over the Lunar New Year period, or Spring Festival, underscores the rise of Chinese tourism and comes in spite of a slowing economy.


Increasingly frugal Chinese consumers are sending chills through global investors, with the pullback in spending hitting the profits of companies such as Apple, Swatch and luxury auto makers.

The Lunar New Year holiday is one of China's longest breaks and over 400 million people - more than a quarter of the population - had been expected to travel domestically for family reunions, according to Chinese travel agency Ctrip. There were over 6.3 million exits, up 12.5 per cent, Xinhua said, citing data from the State Immigration Administration. This was slower than the 12.6 per cent rise a year ago. Domestic box office revenue was 1 per cent higher than in 2018, according to a report in The Paper, which cited statistics from a cinema ticketing service platform of Alibaba Pictures. Cellphones, computers and home appliances were at the top of shopping lists, and there was a surge in purchases of kitchenware and furniture, according to a report from the second largest e-commerce site in the nation.

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