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National Day Golden Week

The 'National Day Golden Week' in China is a seven-day public holiday starting on October 1st, marking the founding of the People's Republic of China. It measures consumer spending and domestic tourism, as millions of Chinese travel and shop during this period. This event is crucial for the economy as it boosts retail sales, tourism, and hospitality sectors, providing insights into consumer confidence and economic health. Financial markets closely watch this period for indicators of economic activity and potential policy adjustments by the government.