Two Extremes - How the Rich and Poor Spend Chinese New Year

Press/Media: Expert Comment

Description

Qing Shan Ding writes about Chinese New Year:

As well as seeing the largest migration of its citizens as they crisscross the country, Chinese New Year sees a surge in spending by its elites both inside and outside of China. This feeds into the crucial shift the country is making from having an economic growth model driven by manufacturing to one based on consumption and services, of which tourism and entertainment are crucial elements.

Period5 Feb 2016

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