The Spring Festival economy is booming, showing the surging momentum of China's high-quality economic development; the Spring Festival economy is constantly creative, showing the surging trend of China's high-quality economic development; the Spring Festival economy benefits the world, showing the positive effect of China's expansion of high-level opening up

More than 2.3 billion people travel, the total box office of new films released during the Spring Festival exceeded 11 billion yuan, and catering consumption ushered in a peak... During this year's Spring Festival holiday, traditional festivals resonate with the modern economy, and endogenous driving force and opening up are working together, and China's consumer market is moving towards "new" and moving forward with "quality". International public opinion believes that China's tourism and consumption boom during the Spring Festival brings positive signals, and the Spring Festival economy fully demonstrates China's development vitality.

The economy is booming during the Spring Festival, showing the surging momentum of China's high-quality economic development. Focusing on expanding domestic demand is an important task for China's economic work at present and in the future. The latest VAT invoice data released by the State Administration of Taxation of China shows that during the Spring Festival holiday, the average daily sales revenue of China's consumption-related industries increased by 10.8% year-on-year, of which commodity consumption and service consumption increased by 9.9% and 12.3% year-on-year respectively. With the support of the "old-for-new" policy for consumer goods, consumption of home appliances and home furnishings has increased significantly, becoming a new highlight of New Year's consumption. Sales revenue of home audio-visual equipment such as TVs increased by 226.8% year-on-year. "China's Year of the Snake started well," Citigroup pointed out in a report. The 2025 economic outlook reports released by many financial institutions around the world believe that China's high-quality development is gradually showing results, green economy, digital economy and high-tech manufacturing have become new growth points, and the proportion of consumption and service industries is expected to further increase.

There is constant creativity in the Spring Festival, showing the surging trend of high-quality economic development in China. As the first Spring Festival after the successful application for World Heritage, all parts of China have deeply explored the cultural connotation of the "intangible cultural heritage" of the Spring Festival and launched activities such as "intangible cultural heritage collection", "intangible cultural heritage trendy toys", and "intangible cultural heritage New Year goods". Foreign friends' enthusiasm for coming to China to experience the Spring Festival is getting higher and higher; ice and snow sports have become a new way to play during the New Year, and "Happy Ice and Snow Tourism Season" and other things attract more consumers to enjoy the beautiful scenery of ice and snow, experience ice and snow culture, and participate in ice and snow sports; using digital technology to empower cultural exhibitions and create science and technology temple fairs, the integration of culture and technology has given birth to more interactive and experiential cultural and tourism consumption scenes... Festival consumption illuminates new vitality of the economy and becomes a vivid portrayal of the mutual promotion and complement of cultural prosperity and economic development. Chinese culture continues to exude unique charm, and "China travel" continues to heat up, which is expected to promote the continuous expansion of China's service trade. The U.S. "Travel and Travel World" website reported that as China becomes more open, the number of international tourists to China is expected to continue to grow, which will not only help promote the development of China's tourism industry, but also have a wider economic impact.

The Spring Festival economy benefits the world, showing the positive effect of China's expansion of high-level opening up. According to statistics from the State Immigration Administration of China, the number of people entering and leaving the country during the Spring Festival holiday this year reached 14.366 million, an increase of 6.3% year-on-year. Data from the tourism platform shows that this year's Spring Festival, Chinese tourists' destinations cover more than 2,100 overseas cities, and the popularity of Chinese tourists' outbound travel continues to recover. Chinese New Year’s goods such as Spring Festival couplets, dumplings, and zodiac “blind boxes” are highly popular in overseas supermarkets and e-commerce platforms. China’s smart home appliance sets have become a souvenir for foreign youths. “New Year’s goods going overseas” highlights the comprehensive competitiveness and cultural influence of Chinese products. China's consumption demand is becoming increasingly diversified and its consumption structure is constantly being optimized. "Foreign New Year's goods" such as New Zealand kiwi fruit and Chilean cherries continue to become popular. As China continues to expand its high-level opening up to the outside world, the Chinese market will provide broader space for high-quality products from various countries.

The "good start" brought by the Spring Festival economy has effectively enhanced China's confidence and confidence in development throughout the year. As various policies and measures continue to be effective, China will further activate the "pool of spring water" of the consumer market, continuously expand high-level opening up, gather a stronger synergy to promote the sustained improvement of the economy, and continue to play the role of the largest engine of world economic growth.