Tuesday marks the start of Golden Week in China, a week-long national holiday during which millions of mainlanders set off on vacation, hit the shopping malls and dine out.
This seven-day period, starting from National Day on 1 October, will provide a snapshot of how consumers in the world’s most populous nation are faring in what has been volatile year for the world’s second-largest economy.
"I expect retail sales during this year’s Golden Week to be better than last year, because the economy is in better shape," Francis Lun, CEO of GEO Securities told CNBC. Last year, retail sales during the holiday period rose 15 percent on-year, slowing from 17.5 percent growth in the previous year.
(Source: CNBC)