China expects 760 mln cross-regional trips during Qingming Festival holiday

A total of 760 million cross-regional passenger trips are expected to be made across China during the Qingming Festival holiday, running from Friday to Sunday, the Ministry of Transport predicted.

The Qingming Festival, also known as the Tomb-Sweeping Day, is a traditional Chinese festival observed to honor ancestors by visiting their graves to clean the tombstones, offer sacrifices, and pay respects.

Travel demand is expected to be particularly high during this period, driven by family visits for tomb-sweeping rituals, as well as leisure travel and spring outings.

From Thursday to Monday, China's railways are projected to handle 84.5 million passenger trips, with an average of 16.9 million trips per day. The busiest day is expected to be Friday, the festival itself.

The railway authorities will maximize efforts to meet the surging demand by adding more train services, attaching extra carriages, and extending operating hours.

Meanwhile, the Ministry of Transport forecast that an average of 59 million vehicles will travel on expressways each day during the holiday, a 1.1-percent increase over the same period last year.

Of this, new energy vehicles (NEVs) are expected to make up 18 percent of the total daily traffic, a 7-percentage-point rise from last year.

In anticipation of the increase, provinces like Fujian, Shandong, and Zhejiang have already conducted inspections of charging facilities to ensure smooth and efficient travel for NEV drivers.

The aviation sector is also seeing increased demand, especially for flights to popular flower-viewing destinations such as Wuxi and Huangshan in China, as well as international destinations like Japan and South Korea. This rise in demand has led to slight increases in airfare prices.

In southern China, water transportation is entering its peak season. The Qiongzhou Strait, which separates the island province of Hainan from Guangdong Province, is expected to see a surge in passenger and vehicle travel during the holiday.

Around 220,000 passenger trips and 58,000 vehicle trips are forecast, with the highest travel day expected on Friday, when about 85,000 passenger trips and 20,000 vehicle trips are expected to cross the strait.

"The total cross-regional passenger flow during the Qingming Festival holiday is expected to reach some 760 million trips, marking a year-on-year increase of about 3 percent. Travel in key regions, including the Beijing-Tianjin-Hebei area, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Chengdu-Chongqing region, will account for nearly 50 percent of the national total. We are strengthening information sharing among different transportation modes, enhancing the coordination of railway, highway, and air transport services, and actively promoting intermodal passenger transportation," said Gao Bo, deputy director of the transport services department at the Ministry of Transport.

China expects 760 mln cross-regional trips during Qingming Festival holiday

China expects 760 mln cross-regional trips during Qingming Festival holiday

The universal "reciprocal tariffs" imposed by the United States signals a decline in the U.S. economic dominance and dollar hegemony, as the country is attempting to extract excessive financial benefits from its trading partners, according to economists, who warn the Trump administration is playing a "dangerous game".

U.S. President Donald Trump last week signed an executive order on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" before unveiling higher rates on certain trading partners. The policy sent shockwaves throughout the global economy and triggered panic on financial markets, with analysts warning of significant risks and dire economic consequences.

In an interview with the China Global Television Network (CGTN), Hong Hao, chief economist of the GROW Investment Group, a Shanghai-based hedge fund, said the tariffs reflect Trump's strategy to extract economic benefits from trading partners, particularly viewing China as a significant competitor. "Trump really believes that the trade terms with the trading partners have been unfair to the U.S., and as a result, the U.S. manufacturing sector has been hollowed out. Therefore, the U.S. is paying an excessive price for globalization, and now, it's time to pay back. I think, from this angle, he is trying to extract economic rent from its trading partners, and also he is trying to see China as one of the major U.S. rivals at this juncture. So, I think, as a result, he is playing a very dangerous game. And, as you can see, it's political theater in the sense that he is trying to dramatize the extreme pressure, so that he can get excessive rent from the opponent," he said

Trump's unilateral imposition of tariffs has eroded global confidence in the U.S. and its dollar's status, leading many to state that the American hegemony may not persist, according to Josef Gregory Mahoney, a professor of politics and international relations at East China Normal University.

"The U.S. economy is at an inflection point. There is a moment where the previous strategies being used to sustain American hegemony were no longer working. And, it's only a matter of time before the U.S. position erodes, given the fact that it's been a house of cards built on the dollar supremacy. And a lot of people don't see that as having a brighter future. This has moved past the theater stage and has moved really directly into one in which no one really has confidence in the U.S. anymore. No one has confidence in the dollar. No one has confidence in the U.S. being committed to the multilateral system, to global trade and so forth and so on," he said.

Trump playing "dangerous game" as tariff measures signal decline in U.S. dollar hegemony: economists