China's Holiday Travel Rebounds to Pre-Covid Levels, Boosting Economy.

China's tourism rebounded to pre-Covid-19 levels during the May Day holiday, with domestic trips rising by over two-thirds from a year earlier, according to government data. The recovery in the service sector could ease worries that China's post-pandemic economic recovery could soon lose momentum. Chinese tourists made 274 million domestic trips during the five-day break, spending 148 billion yuan ($21 billion), a 128.9% increase from a year earlier, and on a par with 2019 levels. The figures are being monitored as a gauge of China's economic health.