Feb 19 • 17:24 UTC 🇧🇷 Brazil Folha (PT)

What the Lunar New Year Indicates About China's Economy

The Lunar New Year in China has kicked off with predictions of 9.5 billion trips during Chūnyùn, as the government seeks to boost domestic demand.

China has officially initiated the Lunar New Year festivities, anticipating a staggering 9.5 billion journeys over the next 40 days during the Chūnyùn period, the world's largest annual migration. This significant figure exceeds the approximately 9 billion trips recorded in 2025 and aligns with the Chinese government's strategic efforts to stimulate domestic economic activity. By extending the official holiday from seven to nine days, the government aims to encourage spending and travel, reflecting a focused attempt to reinvigorate economic growth within the nation.

In addition to the extended holiday, the Chinese government has allocated about ¥360 million (approximately R$272 million) in vouchers intended to boost consumption throughout February. This initiative seeks to provide residents with greater opportunities for spending, thereby enhancing overall economic activity and fostering a more active consumer market. The goal appears to center around recovering from any economic downturns and restoring confidence among consumers.

As the travel situation unfolds, the railways have already transported over 1.01 billion passengers by February 10, with predictions indicating that the civil aviation sector will facilitate 95 million trips during this busy holiday period. Furthermore, international movement is expected to increase as well, with a projected 14% rise in both entry and exit figures, underlining a renewed optimism in global travel and economic interactions as the country navigates its post-pandemic recovery phase.

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