Post
Topic
Board Economics
Re: Today is the first day of notorious Korea/Japan/China new year
by
sazonk
on 25/01/2020, 10:56:34 UTC
Not only that, the need is increasing when the Chinese New Year, we already know the culture of gambling while drinking very closely with their communities. And of course it is necessary to spend more money than distributing envelopes containing money to relatives.
On the other side of the Chinese New Year celebration is the existence of the Corona virus outbreak, as reported by several news sites, the Chinese New Year celebration is thought to cause the Chinese economy faltered due to this corona virus.
Usually the Chinese when celebrating Chinese New Year always travel to visit relatives for about 1 week. Chinese New Year usually becomes the momentum that drives the wheels of the economy. Sectors affected positively by this tradition are transportation, tourism, hospitality, restaurants to other entertainment industries. This is where China's economy will increase with the number of public transportation, public shopping places etc. many visited by people. But now it is different due to the outbreak of the corona virus which makes Chinese people worried, the Chinese government ordered the closure of some tourism facilities, transportation etc. to prevent the outbreak of this corona virus.