National Day Holiday in China Fuels Economy

China’s recent week-long National Day holiday which lasted from October 1 to October 7, 2011 was certainly good for the economy. Tourism revenue there reached 145.8 billion yuan ($22.94 billion), which is an increase of 25.1% year-on-year.

The most scenic locations in China got 302 million tourists, which was an 18.8% increase from the same time period last year, according to the National Tourism Administration (NTA) and the National Bureau of Statistics (NBS). The data even showed exactly what each tourist spent, on average during the week. Each tourist was recorded to have spent approximately 483 yuan during this holiday, which was an increase from the 459 yuan spent last year.