China
Chinese President Xi Jinping will meet with Russian Prime Minister Mikhail Mishustin on Tuesday morning in Beijing.
Mishustin is in China from Monday to Tuesday for the 30th regular meeting between the Chinese and Russian heads of government at the invitation of Chinese Premier Li Qiang.
Xi to meet Russia PM in Beijing
Xi to meet Russia PM in Beijing
China's State Taxation Administration released value-added tax (VAT) invoice data on Tuesday, revealing strong consumer spending during the 2026 Spring Festival holiday.
The nine-day holiday, which ended Monday, saw the average daily sales revenues of consumer-related industries increase by 13.7 percent from last year's Spring Festival holiday.
Revenue from household appliance sales rose 19 percent from the previous Spring Festival holiday, while motor vehicle charging revenue surged 163.9 percent.
The tourism market experienced robust growth this year, with tourism-related service revenue up 39.6 percent. Catering consumption also saw a significant increase of 31.2 percent.
The Spring Festival, which is also known as Chinese New Year, fell on Feb 17 this year. It is usually a period of vibrant consumption activities as people return home for family reunions or travel to tourist destinations to celebrate the holiday.
VAT invoice data reflects China's robust Spring Festival holiday consumption
