China's domestic stock market opened Monday in strong trading after the end of the Lunar New Year holiday。During the week-long holiday, there were signs that consumer spending had increased and in some cases even exceeded pre-epidemic levels.。

Blue Chip SSE SZSE 300 Index Up 0.5%, reaching a month and a half high, while the Shanghai Composite Index rose 0.9%。

Chinese consumers spent more on travel, shopping and eating out during the Spring Festival holiday than in the same period last year, according to official figures released over the weekend。Tourism demand also exceeded pre-epidemic levels.。

The data raised optimism about China's consumer spending, one of the key engines of economic growth, which has finally recovered after three years of decline.。

However, the rally in the Chinese market has been limited by market concerns that the Lunar New Year market is only a short-lived phenomenon, believing that potential economic growth remains slow.。After a sharp fall in 2023, local indices remain at multi-year lows as China's post-epidemic economic rebound fails to materialize。

Compared to last week's big gains in overseas stocks, the Chinese market's gains were much smaller, especially in Hong Kong.。Hong Kong's Hang Seng fell 1% as mainland shares gave up most of last week's gains。

Economic statistics for January, released just days before the holiday, showed sluggish activity and continued deflationary trends.。over the past year, china's economy has been hit by the ongoing housing market crisis, rising youth unemployment and weak demand for chinese exports。

Investors demand more concrete evidence of economic support from government。However, Beijing has so far been relatively cautious in providing additional economic support.。

The People's Bank of China kept its medium-term lending facility in place over the weekend, so its benchmark lending market quote rate is expected to remain stable on Tuesday.。