China's tourism industry has yet to recover to pre-pandemic levels. The most recent long weekend saw revenue at 60.6 percent of pre-pandemic levels, CNBC reports, citing government data. 

National tourism revenue for the three-day festival in mid-August was 28.68 billion yuan, just 60.6 percent of pre-COVID levels and a 22.8 percent decline from last year.

China has continued to implement lockdowns of its society due to COVID-19 throughout the year. Authorities have also urged the population to stay in their local areas and avoid unnecessary travel, both during the Mid-Autumn Festival and during the National Day celebrations in early October.

The number of tourists was 17 percent lower than last year and 72.6 percent of the level from 2019. 

China is the world's second largest economy. 

Source: FinWire