Very interesting Caixin article on travel in China. While record numbers of Chinese are traveling, spending is down, although "experiences", including concert spending is way up. Unfortunately local governments, as always, are all chasing the growth areas and this will likely

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Very interesting Caixin article on travel in China. While record numbers of Chinese are traveling, spending is down, although "experiences", including concert spending is way up. Unfortunately local governments, as always, are all chasing the growth areas and this will likely
时政
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5小时前由 Michael Pettis 提交

Very interesting Caixin article on travel in China. While record numbers of Chinese are traveling, spending is down, although "experiences", including concert spending is way up. Unfortunately local governments, as always, are all chasing the growth areas and this will likely lead to new forms of "involution".
https://t.co/HOTUBXSWH5

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