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The stable, healthy, and constantly improving Chinese economy is worth looking forward to

2026-02-25   

The continuous strong passenger flow during the Spring Festival travel rush, the surging crowds in the cultural and tourism market, the emergence of new consumption highlights, and the continuous manifestation of "spillover effects"... The "longest Spring Festival holiday in history" has accelerated the release of China's economic vitality. Many foreign media and international personages believe that the hot performance of Chinese Spring Festival economy not only reflects the resilience and potential of China's super large market, but also reflects the endogenous power of China's high-quality economic development, builds confidence for China's economic stability and further promotes the world to share China's development opportunities. During this year's Spring Festival holiday, the Chinese consumer market showed a strong supply-demand trend, with multiple consumer sectors such as culture and tourism, retail, and movies blooming. During the Spring Festival holiday, 411 retail enterprises monitored throughout Sichuan Province achieved sales of 2.78 billion yuan, a year-on-year increase of 10.9%. 120 new consumer scenarios attracted over 56 million foot traffic and achieved sales of over 4.6 billion yuan; Guangdong Province received 86.589 million tourists and achieved a tourism revenue of 84.89 billion yuan, an increase of 8.1% and 13.9% respectively compared to last year's Spring Festival holiday (8 days)... "Shopping centers were crowded with people, and various colorful festivals and activities were held across China." According to the Indonesian "Luopan Daily" website, souvenirs and activities related to the theme of the Year of the Horse were popular, and "children bought horse shaped toys one after another. During the Spring Festival holiday, the number of participants in traditional Chinese performances, markets, exhibitions, and tourism projects has significantly increased. ”The Chilean Cooperative Radio said that during this year's Spring Festival travel rush, the expected cross regional personnel flow in China is 9.5 billion people, and the railway and civil aviation passenger traffic are expected to reach 540 million and 95 million people respectively, fully demonstrating the economic resilience of "holiday dividends" to stimulate "consumption power". The consumption structure continues to optimize, and new growth points continue to emerge. The Spring Festival consumption insight released by Suning.com shows that from February 15th to 23rd, its nationwide store customer flow increased by 78% month on month, and sales of smart watches, smart glasses and other products increased by 62% month on month. The 3C consumption of household appliances is accelerating towards intelligent, trendy and scenario oriented expansion and upgrading. Saudi Arabia's Al Arabiya TV reported that green organic food and smart home appliances have become the "new standard" for Chinese New Year's goods, while the "movie+" integrated development model has leveraged the synchronous development of related industries such as catering and cultural and creative industries. Yu Shougen, director of the East Asia Research Institute in South Korea, said that the issuance of consumption vouchers, the implementation of trade in programs, and the creation of new consumption scenarios in various regions have played a positive role in stabilizing consumption expectations. "This is not seeking short-term economic stimulus, but focusing on high-quality growth led by domestic demand. The hot Spring Festival economy demonstrates the resilience of China's super large market and indicates that the consumption structure is transitioning from quantitative recovery to qualitative upgrading." Marta Montero, executive chairman of the Spanish Zhihua Lecture Hall, believes that the Spring Festival is an important window to observe China's people-oriented public policy. This national holiday reflects China's strategy of improving people's livelihoods, activating domestic demand, and promoting high-quality development. The 'spillover effect' of the Spring Festival economy has been transformed into tangible development dividends. The 'spillover effect' brought about by hot consumption is becoming increasingly significant, and China's continuous expansion of high-level opening-up benefits the world. UAE chocolate, French cosmetics, Russian king crab, Chilean cherries... "Foreign New Year's goods" are selling well in China, driving the development of related countries' industries. Marco Carrasco, a researcher at the National University of San Marcos in Peru, said that "international suppliers are facing new opportunities, and Peru is a typical case." Thanks to the strong demand in the Chinese market, the deepening of trade relations between Peru and China, and the continuous improvement of the logistics system, Peru's blueberry exports to China will increase significantly in 2025. "The peak consumption season such as the Spring Festival further strengthens this trend. Hassan Rajeb, president of the Confucius Institute at Suez Canal University in Egypt, said that around the Spring Festival this year, the Middle East dates, Syrian ancient soap and other special products entered China through cross-border e-commerce, "the huge consumption potential of the Spring Festival has made positive contributions to activating the local industry chain". According to statistics from the National Immigration Administration, during this year's Spring Festival holiday, border inspection agencies across the country inspected a total of 17.796 million Chinese and foreign personnel entering and leaving the country, with an average of 1.977 million people per day, an increase of 10.1% compared to last year's Spring Festival holiday; According to ticketing platform data, the number of foreign tourists booking air tickets for the Spring Festival in China has increased by more than four times year-on-year. "One of the highlights of the Chinese Spring Festival in 2026 is the strong growth of foreign tourists. ”Peru's 21st Century newspaper reported that the further implementation of travel facilitation measures has brought "optimistic data" to China's tourism industry. Pakistan's Forum Express reported that as China continues to expand the scope of visa free countries, the number of international tourists visiting China has also seen a significant increase during this year's Spring Festival, forming a prosperous situation of two-way flow. The 'spillover effects' of the Spring Festival economy have been transformed into tangible development dividends. ”Tang Longgong Wusentirangu, president of the the Belt and Road Economic and Educational Development Research Institute in Thailand, said that Chinese tourists traveling to Thailand during the Spring Festival had led to significant growth in the turnover of hotels, catering and retail in Bangkok, Phuket, Chiang Mai and other places. Many Thai malls have arranged Chinese Spring Festival themed decorations in advance, and Chinese Spring Festival has been included in the annual marketing calendar. Karasco said, "The Spring Festival economy has demonstrated the promoting effect of the Chinese market on world economic growth, promoted the development of world trade and the prosperity of tourism, and helped countries build deeper economic ties." "The Spring Festival economy has achieved a good start, laying a good foundation for China's annual economic development." "The Spring Festival is not only a cultural carrier, but also an important window for observing economic operations. ”Professor Herv é Azul é from the French Silk Road Business School stated that holiday consumption intuitively reflects market vitality and residents' confidence, providing important references for assessing the economic situation in China. The Spring Festival economy achieved a 'good start', laying a solid foundation for China's annual economic development. ”Dennis Munene, Executive Director of the Central Africa Center at the Kenya Africa Policy Research Institute, said that the international community continues to have a positive outlook on the fundamentals of the Chinese economy, mainly due to China's comprehensive development advantages formed through long-term accumulation: a complete industrial system, strong supply capacity, and vast domestic demand space, which provide solid support for the stable operation of the economy; A mature regulatory system and sufficient policy tools can more effectively respond to cyclical fluctuations. With the continuous release of domestic demand potential and the implementation of reform measures, the Chinese economy is expected to move towards higher quality and more sustainable development, "said Munenei. The Spring Festival consumption transcends national borders and connects the upstream and downstream of the industrial chain, driving not only the growth of agricultural product imports and exports and tourism, but also promoting cross-border cooperation in logistics, e-commerce, finance and other fields. ”Wu Sen Tilan Gu said, "China relies on its super large market, insists on expanding opening up, facilitating personnel exchanges, deepening economic and trade cooperation, promoting win-win cooperation through practical actions, and sharing opportunities with the world. The Spring Festival consumption boom demonstrates the potential of the Chinese market and the effectiveness of macro policies. ”Despite the complexity and volatility of the global economy, the outside world still has confidence in the fundamentals of the Chinese economy, "said Raihan Romanodipro, a researcher at the ASEAN China Research Center at the University of Indonesia. Zia Ijaz, the president of Pakistan's Ascari Bank, said, "This year is the beginning of China's 15th Five Year Plan. The hot Spring Festival economy not only demonstrates the surging vitality of the Chinese economy, but also demonstrates the high confidence of the Chinese people in their own economy. Technological innovation, green development, and other factors continue to inject new momentum into the Chinese economy, and the stable, healthy, and constantly improving Chinese economy is worth looking forward to." Rwandan media personality Gerald Mbanda published a signed article on the "Africa China Review" website, linking the image of horses with the speeding high-speed train. The article states that China's high-speed rail trains represent a "new form of horsepower" - no longer relying on muscles and running, but stemming from innovation, engineering, and foresight. "The Year of the Horse is far more than just a year symbol, it reflects a country that is confidently and purposefully heading towards the future

Edit:Rina Responsible editor:Lucy

Source:people.cn

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