China's Ministry of Culture said domestic travellers spent 738.38 billion yuan, about 110 billion dollars, and took 826 million trips during the 1-7 October holiday.
China's domestic travellers spent 738.38 billion yuan during the 1-7 October Golden Week holiday and took 826 million trips, the Ministry of Culture said on Friday. Reuters converted the spending figure to about 110.28 billion dollars at 6.6957 yuan to the dollar.
The ministry's count covers the National Day holiday week, which ended on Wednesday. Friday's release is the official tally, not a forecast. Reuters attributed the figures to the ministry and did not add an independent survey.
Golden Week is one of the largest annual movements of people in China. The spending number is a measure of domestic tourism and transport outlays, not of exports or factory output. A separate Reuters report on Friday said traders expected refined-fuel exports to resume after the holiday pause. That is a different event.
The ministry did not, in the Reuters account, break the 738 billion yuan into transport, hotels and retail. Comparisons with last year's holiday were not included in the story used here.
The next official check will be whether later statistical releases revise the trip or spending totals. For now the published figure is the ministry's Friday statement.
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- The Ministry of Culture reported 826 million domestic trips and 738.38 billion yuan in spending.