Tourists view Chishui waterfall in Zunyi City, southwest China’s Guizhou Province, Oct. 7, 2020. Noted for its rich history and natural resources, Zunyi City attracts lots of tourists during the National Day and Mid-Autumn Festival holidays. (Xinhua/Yang Wenbin)
China’s consumption is expected to be firing on all cylinders – from the movie box office and tourism to the catering sector – during the upcoming three-day Qingming Festival and five-day May Day holidays, with Chinese consumers releasing their pent-up purchasing power as the country lifts curbs on people’s movements after controlling the pandemic.
Industry insiders expect at least 100-percent growth in the film and tourism sectors’ revenues during the upcoming holidays…