
China’s 2025 Spring Festival Sparks 501M Trips, 7% Spending Surge
China’s 2025 Spring Festival sees 501M domestic trips and $93B in spending, signaling robust economic and cultural momentum.
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China’s 2025 Spring Festival sees 501M domestic trips and $93B in spending, signaling robust economic and cultural momentum.
China’s 2024 trade-in program boosts home appliance sales to over 1 trillion yuan, driven by consumer demand and energy-efficient products.
China is reshaping consumption with tech-driven experiences, from aerial tours of historic sites to immersive retail environments.
Online retail sales in the Chinese mainland surged 8.8% to $1.71 trillion from January to October, driven by shopping festivals and trade-in policies.
China’s home appliance trade-in program has boosted sales to $4.78B, with over 5 million consumers benefiting. Green and smart devices lead the surge.
China’s Mid-Autumn Festival showcases economic resilience with a surge in travel and increased consumer confidence.
Discover how mooncakes, a traditional Mid-Autumn Festival pastry, have transformed into a cultural symbol and consumer favorite, with sales reaching 22 billion yuan in China.
China’s latest trade-in policies since March have fueled a surge in green consumption, boosting sales in new energy vehicles, home appliances, and sustainable products, expanding the consumer market by 1 trillion RMB.
McKinsey’s latest report reveals the Chinese mainland’s shift towards service and experience consumption, highlighting growth industries and strategic business adjustments.
The Chinese mainland’s improving economy and evolving consumer trends are creating new opportunities, says Joyce Zhu, president of Ingka Centres China.