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- A historic 9.5 billion passenger journeys are projected for the 40-day Chinese New Year or Spring Festival journey interval.
- Despite file volumes in rail and civil aviation, highway transport, particularly self-driving journeys, will stay the preferred mode, making up 80% of all journeys.
- The file journey surge happens as China’s financial system faces headwinds from a property market disaster, low consumption, and excessive youth unemployment.
A file 9.5 billion passenger journeys are anticipated throughout this yr’s Chinese New Year or Spring Festival journey surge, in response to the National Development and Reform Commission.
The 40 day interval between February 2 and March 13 is predicted to see file highs when it comes to passenger volumes for each rail journeys (exceeding 540 million passengers) and civil aviation journeys (exceeding 95 million passengers).
However, as Statista’s Katharina Buchholz reports, regardless of rail and air journey for the Chinese New Year gaining recognition, journey by highway continues to be the preferred mode of transport for the vacation.
You will discover extra infographics at Statista
Eighty p.c, or 7.6 billion out of the projected 9.5 billion journeys taken on the event, might be self-driving journeys, in response to Chinese authorities, with the remaining taken up by different highway transport.
The New Year falls on February 17 this yr.
The yr of the horse begins amidst a troublesome financial local weather in China attributable to an ongoing property market crisis, low consumption and excessive youth unemployment.
By Zerohedge
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