China touts record spending over Lunar New Year holiday | CNN Business

Hong Kong CNN  — 

Travel and spending during China’s Lunar New Year holiday hit new records this year, giving the government an encouraging boost as it seeks to ramp up the ailing economy.

A total of 501 million trips were made within China during the eight-day travel season, which began on January 28, according to data released by the Ministry of Culture and Tourism on Wednesday. This represented a 5.9% increase from the same period last year. Tourism spending surged by 7%, reaching 677 billion yuan ($93 billion), compared to the previous year.

The average

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