Christmas is a Christian holiday. In China, for example, Christmas is not a national holiday. The most common religions here are Buddhism, Taoism and Islam. Of course, there are also Christians (Catholics and Protestants), but in smaller numbers.

At the same time, China is the factory of the world. Many products that we see in trade, in shopping centers, gifts bought for loved ones, are made there.

This is how China makes money at Christmas.

Export data shows us exactly this, that exports usually increase in October and November. There were always peaks.

Source: tradingeconomics.com

To better understand the chart, there are actually two impacts: Black Friday and the Christmas holiday.

The exception is this year, when due to high inflation in the world, they did not reach their maximum in November (decrease compared to the previous month by 8.7% to 296 billion dollars).

Hao Zhou, chief economist at Huotai Junan International, said in a note cited by CNBC that high inflation is eroding the purchasing power of global consumers. The risk of recession abroad will increase, which will significantly affect global demand. This puts pressure on Chinese exports.

China’s most important export goods are communication equipment (including telephones), high-tech products, computers, integrated circuits, office equipment parts, and clothing.

So China benefits greatly from this holiday.

Through their malls, you can see the influence of Christmas, but in the form of decorations. In some places there are even Christmas trees. The foreign press writes that it is more like Valentine’s Day. It is not like a Christian holiday because these decorations are only adopted to keep up with the Chinese youth.

However, there are two currents here: those who want the new tradition to be accepted (more as entertainment than what it represents) and others (nationalists) who see it as a threat to their own customs.

Photo source; Dreamstime.com