Lunar New Year Spending Dipped as COVID-19 Concerns Loom in China

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Lunar New Year Spending Dipped as COVID-19 Concerns Loom in China
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On the bright side, trapped spending in big cities boosted online orders and local business.

Data from the Ministry of Culture and Tourism shows that total tourist receipts for the seven-day national holiday that began on Jan. 31 dropped 3.9 percent compared to 2021 to 289.2 billion renminbi, or $45.5 billion, while domestic trips dropped 2 percent to 251 million.

Shenzhen and Guangzhou were the cities with the most orders sent to other places, while Chongqing and Beijing were the cities that received the most orders from other places, JD.com revealed.

On the night of the opening ceremony, over one million users visited the Olympics Games official Tmall store, and items featuring the official mascot Bing Dwen Dwen were sold out immediately.

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