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New Year, New Consumers: What's Really Shifting in China's Holiday Economy?

20 February 2026 26:00 China Plus

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About this episode

As China welcomes the Year of the Horse, Spring Festival once again becomes more than a holiday -- it becomes a national barometer.

Rooted in thousands of years of tradition, Spring Festival remains China's warmest cultural landmark. But today, it is also a high-frequency economic indicator. When tradition meets AI-powered retail, green consumption, immersive tourism, and a digital payment ecosystem, the question is no longer whether the festival is changing-- but how that change is propelling China's growth.

This year, travel has surged to record levels. Box office revenues have climbed. Tourism has rebounded across cities big and small. Smart retail and AI-driven services are scaling rapidly. Together, these signals offer a snapshot of domestic demand, consumer confidence, and the speed of technological transformation in the world’s second-largest economy.

What do all these trends reveal about China’s consumer momentum and economic trajectory in the year ahead?

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