China's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.

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Amer Sports, Inc. reported that company posted revenue growth of more than 60 percent for the seven-day Golden Week period ended October 7. The company said strength across the portfolio was driven by accelerating store sales at Salomon, Wilson and Arc’teryx.

China's average daily home sales during the Golden Week holiday leapt 23% by floor area from the same period last year, boosted by improved market sentiment after the government's support policies, a survey by the China Index Academy showed on Tuesday.

During China's week-long National Day holiday, the number of domestic trips and overall travel spending surpassed last year's figures, but per capita expenditure fell short of pre-pandemic levels, according to the Ministry of Culture and Tourism.