The EconomistThe Economist

China’s ultra-fast economic recovery

05 Feb 2023 · 4 min read

China's economy is rebounding faster than expected, as the world's second-largest economy experiences a surge in consumer spending. The Economist has the details.

Curated by informed

During China’s lunar-new-year holiday, which ran from January 21st to 27th, tourists flocked to the sprawling Taihao mausoleum in Henan province. Many enjoyed slapping a statue of Qin Hui, a scheming official in the Song dynasty who is notorious for having framed a military hero. One visitor got carried away, striking the statue with the lid of an incense burner. Feelings are running high after Qin’s villainy featured in a new film, “Full River Red”, which topped the box-office charts during the holiday.

This enthusiastic movie-going, sightseeing and statue-slapping is evidence of a surprisingly speedy consumer revival in the world’s second-biggest economy. The mausoleum says it received 300,000 visitors in the festive period, the most in three years. Box-office revenues were not only better than last year, they were also higher than in the year before covid-19. China’s population, subject until recently to mass screening, is now massing at the screens.

The news, curated.

Subscribe in our mobile app to continue reading this The Economist article

Already subscribed? Sign in

Get world-class journalism from premium publishers, curated by editors and experts. All in one app.

Subscribe now and get 14 days free.