Golden week is the name given to a semi-annual 7-day national holiday of China’s national day. Chinese government give those 7-day national holiday to Chinese people to celebrate the founding of China and also try to use this chance to drive the economy growth and stimulate the domestic demand.
During this 7-day holiday, People’s demand and consumption for transportation, housing, catering and tourism will increase rapidly. Just like the national day this year, tens of millions of tourists visit hundreds of tourist attraction to get nearly 2 billion yuan of tourism revenue.
However, I just find out that national day also brings some negative effect to China. The quality of services of most of the business is poor, events of consumer rights infringement are happening each day. These will also damage the goodwill of those businesses, which is detrimental to their long-term growth and actually reduced people’s living standard.
Overall, whether the national day holiday is beneficial for the community still depends on the performance of some business in some extent. And people should remain calm and behaved sensibly throughout the national holiday.