China extends CNY holiday to boost spending amid worries about the economy; sparks surge in cinema and travel to SE Asia

Quick Summary:

China extends official holiday by a day to boost consumption Many people reluctant to spend because of job concerns...

The holiday, China’s biggest, this year falls between Jan.28–Feb.4 and marks the arrival of the Year of the Snake.

The recovery is welcome news for the film industry, which has struggled recently, total revenues for China’s box office were 22.6 per cent lower in 2024 than in the year before.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIndonesiaJapanSingaporeVietnam

Topics: Year of the snake Lunar new year Overseas travel China economy Southeast asia travel Cinema Chinese new year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-25 @ 14:16:28 (1 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 25419195

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