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China sees record-high tourist numbers, spending during Spring Festival holiday

China

China

China

China sees record-high tourist numbers, spending during Spring Festival holiday

2026-02-25 15:07 Last Updated At:19:27

China's tourism sector showed strong momentum during the Spring Festival holiday, with both visitor numbers and tourism spending hitting record highs.

The Ministry of Culture and Tourism on Tuesday reported that during the nine-day holiday, which began on Feb 15 and came to an end on Monday, China recorded 596 million domestic trips, an increase of 95 million compared to the eight-day Spring Festival holiday in 2025.

Domestic tourism spending neared 803.5 billion yuan (about 116.7 billion U.S. dollars), which was up 126.5 billion yuan from last year.

The statistics indicated that as ice-and-snow tourism and winter sun getaways continued to attract strong interest, tourists traveled farther distances and stayed for longer trips this holiday, according to the ministry. And among international tourists, the popularity of seeking Spring Festival celebrations in China is on the rise, the ministry said.

"During the Spring Festival holiday, tourists not only experienced our enduring cultural heritage but also witnessed a vibrant future supported by science and technology. We enjoyed a prosperous, orderly, safe, and high-quality holiday," said Dai Bin, president of the China Tourism Academy.

From intangible cultural heritage celebrations to immersive experiences featuring modern and traditional Chinese styles, cultural activities across the nation drew large crowds during the holiday.

In Changde City, Hunan Province, visitors engaged in various intangible cultural heritage experiences, tasting the grinding tea, known as "Lei Cha" in Chinese, enjoying local string music, trying their hand at embroidery, and participating in ancient Cuju matches, the earliest known recorded game of football, to immerse themselves in the festive atmosphere.

In the ancient city of Pingyao, Shanxi Province, daily performances including Shehuo (community fire) parades, dragon and lion dances, attracted over 600,000 visits during the holiday period.

Leveraging sci-tech innovation, a new wave of integrated culture and tourism scenarios offered visitors fresh ways to celebrate the Chinese New Year.

In Shaoxing City, Zhejiang Province, the performance "In Search of Lu You [a famous poet in China's Song Dynasty (960-1279)]" combined multiple experiences, including garden tours, museum visits, and water stage shows, creating an interactive cultural tourism landscape that visitors could both see and feel.

In the town of Nishan, Qufu City, in Shandong Province, drone displays and fireworks shows integrated the zodiac culture of the Year of the Horse with dazzling light effects, presenting a visually stunning spectacle.

"It was not only visually stunning but also showcased traditional culture in a different form. I experienced a unique flavor of the Chinese New Year," said Li Fuhan, a tourist.

Inbound tourism also remained exceptionally strong this Spring Festival, with a growing number of international visitors choosing to spend the holiday in China to experience the charm of its culture.

During the first Spring Festival holiday since the Hainan Free Trade Port officially began island-wide special customs operations, the island province received a total of 12.32 million visits, generating tourism revenue of nearly 18.37 billion yuan (about 2.67 billion U.S. dollars). Compared to the previous Spring Festival holiday, this represents a year-on-year increase of 28.9 percent and 30.7 percent, respectively.

China sees record-high tourist numbers, spending during Spring Festival holiday

China sees record-high tourist numbers, spending during Spring Festival holiday

China sees record-high tourist numbers, spending during Spring Festival holiday

China sees record-high tourist numbers, spending during Spring Festival holiday

China sees record-high tourist numbers, spending during Spring Festival holiday

China sees record-high tourist numbers, spending during Spring Festival holiday

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) enjoyed an "astonishing" market debut on Monday, seeing its shares skyrocket close to 500 percent in a sensational opening day.

CXMT's shares closed at 49 yuan (over 7.20 U.S. dollars) on its Shanghai STAR Market debut Monday, up 465.82 percent from its IPO price of 8.66 yuan, with full-day turnover surpassing 140 billion yuan.

The stock ended its first trading day with a market capitalization of over 3.2 trillion yuan, cementing its position as the largest listed company by market value on the A-share market.

It capped an impressive performance for the firm, which was founded in the sci-tech hub of Hefei of east China's Anhui Province in 2016, and specializes in the manufacture of dynamic random-access memory (DRAM) chips that power mobile phones, PCs, tablets, servers and other consumer products and applications.

Timothy Pope, a Shanghai-based analyst for the China Global Television Network(CGTN), gave his assessment of the chipmaker's immediate market impact.

"CXMT dominated the headlines today, and its debut gave a considerable lift to sentiment-improving risk appetite after a couple of lacklustre weeks. CXMT had created a significant liquidity overhang ahead of its listing, investors raising cash or holding back from buying other shares as they prepared for this debut. But once the market successfully absorbed that enormous new listing, some of that sideline money appears to have returned to other stocks," he said.

"But the CXMT debut itself was astonishing. We use words like 'surge' all the time, and on days like this I regret that because it leaves me sort of without a significantly dramatic word to describe the company gaining almost 500 percent and becoming the Chinese mainland's most valuable listed company on its first day of trade," Pope added.

"CXMT closed 465.8 percent higher, giving it a market valuation of around 3.3 trillion yuan. Now, that does come with an important caveat, however. Only 6.73 percent of the company shares were freely tradable today, and with different groups of shares locked up for periods ranging from six months to three years, it's going to be some time before the market faces sort of meaningful test of that enormous new valuation," he said.

The blockbuster debut caps a historic IPO run with expected total proceeds surpassing 66 billion yuan, making it the largest-ever IPO in China's sci-tech innovation board.

CXMT is expected to generate operating revenue of 110 billion to 120 billion yuan in the first half of this year, with net profit attributable to shareholders of the parent company reaching 50 billion to 57 billion yuan, according to the company.

Chinese memory chipmaker CXMT skyrockets to become A-share's most valuable listed company

Chinese memory chipmaker CXMT skyrockets to become A-share's most valuable listed company

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