China tourism revenue drops nearly 60% in first major holiday since coronavirus outbreak

China tourism revenue drops nearly 60% in first major holiday since coronavirus outbreak

Chinese authorities lifted a more than two-month ban on outbound travel from the city where the global pandemic first emerged.

Hecto Retamal | AFP | Getty Images

Millions of Chinese people kept their spending down during the first major holiday in China since the coronavirus outbreak. 

During the Labor Day holiday that ran from May 1 to May 5 this year, China recorded 115 million tourist…

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