China’s Golden Week Dims Amid Economic Struggles
In Beijing, China, the usual excitement of the Golden Week, starting on October 1, has faded due to economic challenges. This week-long celebration, known for travel and leisure, is now overshadowed by financial concerns. Many locals feel the holiday is more of a ‘mourning’ period due to rising costs and a struggling economy.
A 37-year-old worker from Beijing decided to travel to South Korea despite ticket prices doubling from 2,000 yuan to 4,000 yuan. She expressed that staying in Beijing felt boring amidst the economic gloom.
Another urban resident shared that many people, including her friends, have lost their jobs, and the domestic economy is in poor shape. She believes that a grand National Day celebration would face criticism due to the economic downturn.
A Shanghai man in the publishing industry noted that national pride is less marketable as personal economic situations worsen. A middle-class translator from Beijing echoed these sentiments, questioning the improvement of economic fundamentals and the business environment.
While the middle class struggles, those with limited skills face even tougher times. However, taxi drivers are capitalizing on the increased passenger numbers during the holiday. China’s Transport Ministry reported a 6% increase in passenger trips this year, totaling nearly 44 billion in the first eight months.
Doubts Revealed
Golden Week -: Golden Week is a holiday period in China that starts on October 1st, celebrating the founding of the People’s Republic of China. It’s usually a time for travel and celebration.
Economic Struggles -: Economic struggles refer to difficulties in the economy, like people losing jobs or things becoming more expensive, making it hard for people to buy what they need.
Beijing -: Beijing is the capital city of China, where many people live and work. It’s a big city with lots of history and culture.
South Korea -: South Korea is a country near China, known for its technology, culture, and food. People sometimes travel there for vacations or work.
National Pride -: National pride means feeling proud of your country. When people are happy with their country’s achievements, they feel national pride.
Middle Class -: The middle class is a group of people who have a moderate amount of money. They are not very rich, but they are not poor either.
Transport Ministry -: The Transport Ministry is a part of the government that looks after roads, trains, and other ways people travel. They make sure everything runs smoothly.
