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In Depth: China Looks to ‘Experience Economy’ for a Consumption Lift

By Bao Yunhong, Feng Yiming and Wang Xintong
2026年03月20日 18:19
Record-breaking Lunar New Year data reveal a structural pivot as travelers prioritize local traditions and immersive attractions over traditional sightseeing, sparking hopes for a new engine for domestic consumption
Performers prepare for a traditional deity parade procession to begin in the village of Lingnan in Fuzhou, East China’s Fujian Province, on Feb. 24, the eighth day of the first lunar month. Photo: VCG

Chinese travelers are no longer content to simply admire scenic views — they want an experience.

The shift was evident during the Lunar New Year holiday in February. Keyword searches for “intangible cultural heritage” and “folk customs” on e-commerce platform Meituan jumped 34% and 30% year-on-year. A surge in tourist orders in areas with folk attractions helped domestic travel shatter records with 596 million trips and 803.5 billion yuan ($116 billion) in tourism spending.

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