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In China, more than 600 million people traveled during the eight-day National Day holiday. Although there are still concerns about the Corona 19 infection, expectations for economic recovery are growing as consumption increases through tourism. Correspondent Kang Seong-woong reports from Beijing. The last day of the eight-day vacation. The toll stations on the roads entering the big cities were crowded until late with vehicles coming and going. The number of people who left for this holiday in China was 638 million people. Although the risk of corona19 infection remains, 79% of the same period last year have traveled this year. During this national holiday, China’s tourism revenue is approximately 79 trillion won. It is up to 69.9% from last year. Considering the fact that the number of visitors was limited and reservations were made mandatory due to concerns about quarantine, this is not a small number. During the eight days of the holiday season, major retailers and catering establishments generated sales of 270 billion won. Instead of last year, it increased 4.9%. It is the influence of the so-called ‘retaliatory consumption’, which has been delayed due to Corona 19, such as buying or drinking at the same time. In particular, movie ticket sales were 680 billion won, the second-highest among national holidays. The Chinese authorities hope that consumption has been alive thanks to the special holiday season, but it will lead to an economic recovery. The World Bank estimates that of the top 20 countries, China is the only one that posted positive growth this year. However, the growth rate is expected to drop to the middle of last year, as the foreign market is difficult. I am YTN Sungwoong Kang ([email protected]) from Beijing.
