Spring Festival Highlights | China's Spring Festival Spending Up 13.7% in 2026, Tax Data Shows

China’s Spring Festival spending rose 13.7% year-on-year in 2026, driven by trade-in programs and receipt lotteries, according to VAT data. Home appliance sales grew 19%, while tourism-related revenue surged 39.6%, with snow-themed travel in Northeast China up 62.4%. Dining revenue increased 31.2%, fueled by family gatherings and local specialties. Officials attribute the robust consumption to extended holidays and policy incentives, laying groundwork for steady economic growth. (Photo/VCG)

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By Wang Yu,Li Yue,Wu Hang(intern),Jia Jiye/ China Youth Daily