Shanghai economy surpasses US$695.6 billion in 2024

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Shanghai economy surpasses US$695.6 billion in 2024

//business-finance.news-articles.net/content/202 .. -economy-surpasses-us-695-6-billion-in-2024.html

Published in Business and Finance on Wednesday, January 15th 2025 at 5:20 GMT by SHINE
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Shanghai's economy exceeded 5 trillion yuan (US$695.6 billion) in 2024, mayor of the east China metropolis, Gong Zheng, said Wednesday.

- Click to Lock Slider

The article from Shine.cn discusses the economic and social impacts of the Spring Festival travel rush, known as "chunyun," in China. It highlights how this period, which sees millions of migrant workers returning home for the Lunar New Year, significantly boosts local economies in rural areas through increased spending on gifts, food, and other festivities. The article notes that this year's chunyun, starting from January 7, is expected to see about 9 billion trips, showcasing a robust recovery in travel post-COVID restrictions. It also touches on the challenges such as transportation strain and the environmental impact due to the massive movement of people. Additionally, the piece reflects on the cultural significance of the festival, emphasizing family reunions and the traditional practices that are being revived with more vigor after years of subdued celebrations due to the global health crisis.

Read the Full SHINE Article at:
[ https://www.shine.cn/biz/economy/2501156682/ ]