China's holiday spending plunges to seven-year low as zero-Covid batters consumer confidence

Holiday spending during China's Golden Week has plunged to its lowest level in seven years, as broad Covid curbs discouraged people from traveling or spending, while a darkening economic outlook continues to erode consumer confidence.

source https://www.cnn.com/2022/10/10/economy/china-golden-week-spending-plunge-covid-intl-hnk-mic/index.html