During the 2024 National Day holiday, China's economy exhibited a stabilizing and improving trend, injecting strong momentum into its annual economic targets.
Data on cross-regional personnel mobility exceeded 280 million, urban parks welcomed over 121 million visitors, and movie box office revenues surpassed 1.8 billion yuan by October 6. These figures reflect a vibrant consumer market fueled by a vigorous holiday economy and effective domestic demand stimulation.
This favorable trend is closely tied to the recent meeting of the Political Bureau of the Central Committee on September 26, 2024, which emphasized sustained and healthy economic development. The subsequent policy measures aimed at stabilizing growth, facilitating industrial upgrades, and expanding domestic demand began to take effect during the National Day holiday, significantly boosting market confidence.
The real estate sector also showed positive changes, influenced by the release of new policies. Major cities like Beijing, Shanghai, Guangzhou, and Shenzhen saw sales offices bustling with activity, and online signing of new homes rebounded significantly. The surge in property viewings and visits during the holiday underscores strong homebuyer intentions and revitalizes the real estate market.
These developments highlight China's resilient economic trajectory and the successful implementation of strategic policies aimed at fostering sustainable growth and domestic consumer vitality.
Reference(s):
National Day holiday witnesses a promising future for China's economy
cgtn.com
