Worldpay expects online sales for airlines and travel agents in China to have soared in the run-up to this year’s ‘Golden Week’ Festival. The yearly boost in retail, travel, and tourism in the weeks leading up to the October holiday continues to grow, helped by the increasing spending power of Chinese consumers. Compared with 2013 sales, global payment provider Worldpay saw its transaction volumes surge by over 120% in China in the two weeks leading-up to Golden Week last year. In 2014, average transaction values were also 7% higher than average the week before Golden Week, marking a turnaround from
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