The move could also boost economic development, espe
ecially the development of the tourism sector, a pillar industry of China.
In fact, after the four-day holiday was announced on March 22, tourism-related stocks rose sharpl
y. Also, the number of tourists and tourism revenue during May Day holiday this year are set to increase by ab
out 8 and 9 percent year-on-year, respectively, according to China Tourism Academy.
But the actual number of holidays has not increased because April 28 and
May 5 being Sundays are make-up working days. And since there is a debate on whether t
he government should put people’s demand for longer holidays above economic development, the four-day hol
iday without reducing the number of working days will help the government and companies to strike a balance bet
ween maintaining economic development and meeting people’s need for longer holidays.
But why do Chinese people crave for longer holidays? They do so be
cause some employers, especially in some underdeveloped regions, have not given (or
have been reluctant to give) the paid leave to their employees. Besides, national holidays put