Economic Watch: Spring Festival consumption reveals China's new economic momentum

NAMPA / Xinhua

2026-02-11

BEIJING, Feb. 11 (Xinhua) -- With the Spring Festival just days away, China's annual rush to buy "nianhuo," or holiday goods, is offering a snapshot of an economy in transition, as younger shoppers are reshaping demand, imported products are becoming routine purchases and a government-backed trade-in program is unlocking new consumer spending. SPENDING REDEFINED The shopping season around the Spring Festival, also known as the Chinese New Y......

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