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Economy

COVID, Olympic restrictions hit China's Lunar New Year spending

Tourist receipts drop 3.9%, domestic trips fall 2% as people advised to stay put

A woman poses for pictures in front of a set of mascots from the Beijing 2022 Winter Olympics on the first day of the Lunar New Year. Spending over the holiday dropped from last year, data revealed on Monday.   © Reuters

BEIJING -- Chinese spending over the Lunar New Year holiday weakened from 2021 amid strict measures to fight sporadic COVID-19 outbreaks and control people's movements due to the Beijing Winter Olympics.

Total tourist receipts for the seven-day holiday that began on Jan. 31 dropped 3.9% from last year to 289.2 billion yuan ($45.5 billion), while domestic trips fell 2% to 251 million, according to the Ministry of Culture and Tourism on Sunday.

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