China: Holiday tourism statistics remains positive – UOB Group
10.10.2024, 09:26

China: Holiday tourism statistics remains positive – UOB Group

China’s National Day Golden Week holidays (1-7 Oct) generate the largest domestic tourism spending and trips amongst its major holidays which also include the Spring Festival (Jan/Feb) and Labour Day (May). Domestic tourism activities remained positive this year while there were also reports of stronger outbound and inbound travel during the period, UOB Group’s economist Ho Woei Chen notes.

National Day holiday statistics suggest no major uplift from stimulus yet

“Domestic tourism activities remained positive while there were also reports of stronger outbound and inbound travel during the National Day holidays in China (1-7 Oct). Compared to the previous year, both the domestic tourist trips made (+5.9%) and revenue (+6.3%) rose but the per trip spend was near flat (+0.4%).”

“China’s NDRC did not announce new stimulus measures at its briefing on Tue (8 Oct). The key messaging indicates China’s confidence to achieve its official growth target of ‘around 5%’ this year. We keep our GDP growth forecast for China at 4.9% in 2024, with a projected growth of 4.7% in 3Q24 and 4.8% in 4Q24. We expect the expansion pace to moderate further to 4.6% in 2025.”

“Fiscal stimulus is a key area that market will be watching for further support to consumption and investment, with estimates at around CNY2 tn (1.6% of GDP). The PBOC-led stimulus announced ahead of the National Day holidays is estimated to deliver at least CNY3 tn (2.3% of GDP) boost to the economy.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik