Travel fares drop during Chinese Spring Festival

Travel fares drop during Chinese Spring Festival

The number of travelers using public transportation is expected to hit a record high during next week’s Chinese Spring Festival. But amid the increased demand for such service, fares appear to have fallen. Train tickets have seen a nearly 90% drop in price, while airfares have declined up to 70%. What is driving the demand/price imbalance behind next week’s travel rush?

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