After changing the epidemic prevention policy in China, people do not need to be restricted by strict travel. During the Spring Festival, there are signs of recovery in the trips and movie box office.
Bloomberg reports that consumption data during the Spring Festival is regarded as a barometer for China's economic recovery. As the most important festival in China, hundreds of millions of people will go home during the Spring Festival.
Based on the data released by Bloomberg based on the data released by the Ministry of Communications of China, starting from Saturday (January 21) last Saturday (January 21), four days before the public holiday day, roads, railways, and waterway are about 9590Thousands of people travel, that is, an average of about 24 million people per day. During the 2022th day, this number was only 18.6 million.
In addition, the data of the online ticketing platform Cat Eye Entertainment shows that the total box office volume of the four days before the Spring Festival is 3.62 billion yuan (RMB, about 701 million yuan), which is higher than the 3.5 billion yuan and epidemic outbreaks of the same period last year.The previous 2019 was 3.4 billion yuan.
These data may stimulate optimism that the overall economic recovery will be faster than expected.According to Bloomberg's survey this month, economists' estimates of China's economic growth this year are raised by 5.1%, and the expected growth of 5%in 2024. The estimates of the December survey are 4.8%and 4.9%, respectively.
