Part 4/9:
While these statistics might seem impressive at first glance, deeper analysis by Goldman Sachs points out several underlying challenges. Consumer spending per trip averaged just 168.5 Yuan, indicating ongoing economic caution among travelers. This figure suggests lingering effects from pandemic-related restrictions and an enduring post-COVID economic malaise. Weak consumer confidence remains a pressing issue; December’s consumer confidence index barely moved above post-lockdown lows, signaling skepticism towards governmental stimulus efforts. As a result, analysts are predicting the need for further government intervention to stimulate income and consumer spending.