China travel surges for May holiday but consumers remain wary [Yahoo! Finance Canada]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Yahoo! Finance Canada
May 1 (Reuters) - Travel by rail and car across China surged on Wednesday, the first day of a major public holiday, as consumers remained focused on keeping expenses down in a challenged economy. In the run-up to the five-day holiday that began with May Day, domestic airline fares were falling and forecasts suggested more travelers were opting to drive rather than fly, or had booked early to save. Travel of all kinds has rebounded since China lifted strict COVID control measures at the end of 2022, but consumer spending on those trips has failed to keep up, limiting the boost to the broader economy. ADVERTISEMENT China has set an economic growth target for 2024 of around 5%, which many analysts say will be a challenge to achieve without much more stimulus. China's manufacturing and services activity both expanded at a slower pace in April, official surveys showed on Tuesday, suggesting some loss of momentum. "There is indeed significant pressure," Lin Yu, 38, who was visi
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YUMC
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- 4/29/24 - Beat
YUMC
Sec Filings
- 5/8/24 - Form 10-Q
- 5/6/24 - Form 4
- 4/29/24 - Form 8-K
- YUMC's page on the SEC website