Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet | CNN Business

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Hong Kong/Beijing CNN  — 

China has reported a record upsurge in travel and consumption during a longer-than-usual Lunar New Year holiday season, touting the gains as signs that the world’s second largest economy is regaining its footing thanks to the government’s supportive policies.

But according to CNN calculations based on official data, the average tourism-related spending per trip was below pre-pandemic levels, as

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