The popularity of the Qingming holiday has already formed a "ripple effect," and the enthusiasm for the May Day holiday is expected. Focus on the Hong Kong Stock Connect Consumption ETF ChinaAMC (513230) for investment opportunities
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The National Bureau of Statistics released data showing that in the first quarter, the CPI rose by 0.9% year-on-year, while the PPI fell by 0.6% year-on-year. During the Qingming holiday, the average daily sales of key retail and catering enterprises nationwide increased by 2.4% year-on-year, and the number of intercity travelers increased by 15.1% year-on-year. The search popularity for travel products during the May Day holiday increased by over 320% compared to the previous month. The Hong Kong Stock Connect Consumption ETF ChinaAMC (513230) covers multiple consumption sectors, including liquor and travel, with constituent stocks including POP MART and YUM CHINA
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