"Although China is no longer the world's most populous country, losing that title to India in 2023, China's annual chunyun, or spring transportation is still the world's largest mass migration of people. The official lunar new year holiday will be nine days this year, rather than the typical eight, giving people a longer break to spend their holiday hongbao, red packets of cash given to relatives during the festive period."
"An article recently published by Jiangsu province's propaganda department made the government's hopes for the festive period clear: Driven by holiday consumption, the spring festival cultural and tourism consumption month is leading the way in activating domestic demand. The holiday would help to unleash the surging vitality that propels China's economy forward, the department wrote, using an idiom that literally means ten thousand horses galloping forwards."
Officials extended the lunar new year holiday to nine days and expect a record 9.5 billion passenger trips across the 40-day spring festival travel period, up from nine billion last year. Hundreds of millions will travel, often making their only annual trip home. Although China lost the title of most populous country to India in 2023, chunyun remains the world's largest mass migration. The holiday runs 15-23 February with New Year's Day on 17 February and ushers in the year of the horse. Authorities emphasize holiday consumption to activate domestic demand and plan funds to stimulate spending amid high household savings.
Read at www.theguardian.com
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