Working for the weekend: China extends holiday to spur consumers

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China is extending a public holiday to get people to travel and spend more as th...

A man is seen walking under mannequins at a shopping mall in Beijing April 10, 2015. REUTERS/Kim Kyung-Hoon

BEIJING - China is extending a public holiday to get people to travel and spend more as the government pins its hopes on a vast consumer base to help cushion an economic slowdown. People can have two more days off for the Labour Day holidays that start on May 1, which falls on a Wednesday this year, creating a 4-day break through May 4 to encourage more travel, the state council said on Friday.Retail sales growth slid to the lowest in over a decade last year as consumers bought fewer cars, electronics and home appliances.It was reduced to a one-day holiday in 2008, but the government extends the break to three or four days when it falls close to a weekend.

 

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liangweihan4

Obviously there economy isn't doing as well as they would like if they're trying to incourage consumer spending.

MCGA!!!!!

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