early looks on Golden Week consumption trends are positive. Xinhua reported more than 21mln trips were made on China’s railway network on 1st Oct, a single-day record. A further 18.2mln trips took place on 2nd Oct.

Local press also said China’s box office revenue topped CNY1bn by 3rd Oct with ticket sales hitting CNY494mln on 1st Oct, up >12% YoY.

Restaurant chain Haidilao Hotpot reported serving more than 1.9mln customers on 1st Oct, +5% YoY. And indications are some Haidilao restaurants in Shanghai received >40% of diners than usual with many utilising city’s consumption vouchers.

Bloomberg reported that property interest in Shenzhen spiked with buyers rushing to showrooms at midnight after homebuying restrictions were further eased.