Photo:Chen Xia/GT

Chinese tourists are eagerly embarking on their holidays ahead of an unprecedented Mid-Autumn Festival and National Day holidays period, set to commence this Friday. The atmosphere is buzzing with excitement and anticipation, as China gears up for a bustling and vibrant holiday season, which experts said is poised to accelerate China's economic growth in the fourth quarter.

China's railway and highway systems are bracing themselves for an influx of travelers, anticipating record-breaking traffic.

China Railway Shanghai Group Co said the Yangtze River Delta railway has facilitated over 2.5 million passenger trips on Wednesday, the first day of the Golden Week travel rush, a growth of 25 percent compared to the same period in 2019 and expected number of the railway trips to climb to 3 million on Thursday. The national railway is expected to complete 190 million passengers trips during the travel rush.

For road traffic, the Ministry of Transport expected that the number of vehicles hitting the road will reach 66 million on Friday, another record-breaking number.

Crowds of tourists flock to the Bund and Nanjing Road pedestrian street in Shanghai on August 27, 2023. Photo: VCG

Meanwhile, scenic spots are preparing for an overwhelming surge in visitors, as the eight-day Golden Week holidays promise to attract an unprecedented number of tourists.

Multiple cities are expected to see record-high tourist arrivals. Beijing is projected to receive 12.83 million tourist visits, a year-on-year increase of 60.8 percent and a 21.9 percent increase compared to the same period in 2019. Chengdu, Southwest China's Sichuan Province expects to welcome over 25 million visits during the Mid-Autumn Festival and National Day holidays, setting a new record for tourist arrivals for Golden Week.

Additionally, the pre-sale box office for the Golden Week holidays has surpassed an impressive 50 million yuan ($6.84 million) threshold as of Thursday morning, showcasing the immense consumption potential of this festive period.

Experts believed that the record-breaking holiday will be a strong proof of China's economic momentum and a significant turning point for consumption.

Wei Jianguo, a former Chinese vice minister of commerce and executive deputy director of the China Center for International Economic Exchanges noted that development of China's economy in 2023 will be a process of wave-like development. He said that the GDP growth in the third quarter could reach around 5 percent, predicting the consumption and economic growth to further accelerate in the fourth quarter.

"I am confident in the development of China's economy and believe that there will be no problem in achieving the growth target of around 5 percent for the year," Wei said.

Global Times