Lunar new year


New Year lockdown hits spending but industry powers on 

New Year lockdown hits spending but industry powers on 

(ATF) China’s Spring Festival industrial production levels surpassed those of 2019 this year – despite the ongoing global pandemic. Production and consumption data released this week, based on traffic, operating rates and industrial power consumption figures, show production remained strong during the holiday season, according to Xiong Yuan, Chief Macro …

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Retail spending surges as China celebrates Lunar New Year online

Retail spending surges as China celebrates Lunar New Year online

(ATF) The “stay put in place to celebrate the Lunar New Year” order in China brought new trends in consumption – 'virtual' celebration, electronic red packets and online shopping – while data released by the Ministry of Commerce showed that retail and catering sales jumped almost a third from 2020 …

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Covid travel curbs set to dampen party mood for Lunar New Year 

Covid travel curbs set to dampen party mood for Lunar New Year 

China's hotels and restaurants are bracing themselves for a lacklustre Lunar New Year holiday, as government curbs look set to deal a blow to domestic travel this year.The week-long holiday that begins on Friday traditionally kicks off one of China's biggest spending sprees, surpassing 1 trillion yuan ($155 billion) in …

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Chinese told not to move during Lunar New Year over Covid fears

Chinese told not to move during Lunar New Year over Covid fears

(ATF) Chinese authorities have instructed most citizens to avoid travel as the country's new year celebrations get underway, in a bid to stop renewed spread of Covid-19. The holiday is due to start on Friday February 12.In a broadcast on CCTV News, the General Office of the Central Committee of …

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China’s Covid-19 outbreaks dampen lunar new year fireworks

China’s Covid-19 outbreaks dampen lunar new year fireworks

(ATF) China’s companies and local governments are offering a range of incentives to persuade workers not to go home for the Lunar New Year holiday in February as a resurgence of coronavirus dampens celebrations for the second time in a row.This period usually sees about 236 million rural migrant labourers, …

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