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Will China’s economy charm in the Year of the Snake?
Lunar New Year, arguably China’s biggest annual holiday, can be seen as a barometer for the country’s economy. As more than 1 billion people travel, shop, eat and give gifts to family and friends, their preferences and habits paint a picture of the nation’s consumption over a few festive weeks. This nine-part series covers bonuses, flower sales and more.
Updated: 01 Feb, 2025
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[1]
Why are fewer Chinese employees looking forward to Lunar New Year bonuses?
Workers use bonus levels to gauge companies’ financial health and competitiveness in the coming year.
25 Jan, 2025
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[2]
Bloom and gloom: China’s Spring Festival flower sales hit by dim demand, weather
Lunar New Year botanical fairs see stall costs and plant prices plunge amid consumption woes in lead-up to holiday, boding poorly for domestic demand.
26 Jan, 2025
[3]
Spring Festival reunion dinner bookings a ray of hope for China’s restaurateurs
Restaurants across the country offer more affordable set menus for Lunar New Year’s Eve in bid to attract more diners.
27 Jan, 2025
[4]
‘Incomparably nice’: Chinese supermarket wins viral fame for stellar service
Pangdonglai has proved there is still life in bricks-and-mortar retail in China, with customers queuing for hours outside its stores ahead of the Lunar New Year holiday.
28 Jan, 2025
[5]
Chinese tourists, wary of Thailand, plan other stops for Lunar New Year travel
Worried for their safety, China’s outbound tourists have pulled back on Thailand travel plans, opting for Japan and Malaysia as alternatives.
28 Jan, 2025
[6]
Can online gifts match digital red packets’ Spring Festival popularity?
Mixed response to internet platforms’ efforts to replicate the success of digital lai see, which was first introduced a decade ago.
29 Jan, 2025
[7]
High-steaks challenge: how China feeds its huge, meat-hungry population
China’s 1.4 billion consumers have developed Western-style appetites for high-protein foods such as pork and beef, prompting far-reaching changes in the global economy.
30 Jan, 2025
[8]
How a bumper fruit harvest helped China gain ‘cherry freedom’
Cherries were once considered a luxury item in China, but a flood of cheap Chilean imports has tanked prices ahead of the Lunar New Year holiday.
31 Jan, 2025
[9]
‘Little luxuries’: China’s crystal industry shimmers amid economic unease
Crystals with perceived properties to heal and enhance career prospects are increasingly becoming a source of hope and comfort in tough times.
01 Feb, 2025