Golden Week holiday offers hope for a boost

News Snapshot:

State-owned media have also projected 190 million passengers on China’s railways, up 37 per cent from the same period in 2019, while daily highway traffic volume is expected to rise 40 per cent. President Xi Jinping opened the holiday on Thursday night with an address in which he pledged to “expand” domestic demand – a central focus for investors worried about China’s investment-led growth model. Economists said a stronger Golden Week would follow signs of life in the economy, after the country fell into deflation in July and exports plunged. Factory activity expanded in September for the first time in...