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Going Home for the New Year

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This post is translated from Chinese into English through AI.View Original
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The text discusses the cultural significance of returning home for the Chinese New Year, emphasizing its impact on individual choices and the economy, including GDP and stock prices. The author shares personal experiences from university, highlighting financial struggles that prevented them from returning home during that time. They detail the rising costs of travel, comparing train and flight expenses, and reflect on various ways peers earned money while studying. The current trend of delivering food is noted as a more lucrative option compared to past jobs. The author analyzes changing travel habits, including the increasing preference for driving home due to lower car prices, and observes a decline in the number of people returning home for the holiday. The conclusion underscores the enduring nature of this tradition while acknowledging its evolution in response to economic and social changes.

The Impact of China's Homecoming Culture on the Economy and Stock Market#

Introduction#

In China, returning home for the New Year is a profound cultural tradition. Regardless of wealth, people yearn to reunite with their families during the Spring Festival. This culture not only influences personal life choices but also has a certain impact on the country's GDP and stock market.

Personal Experiences and Observations#

New Year Experiences During University#

  • Economic Pressure: During university, due to financial reasons, I was unable to return home for the New Year, spending four years mainly working to support myself.
  • Summer Vacation Life: During summer vacations, due to the hot weather, I chose to play games instead of working, believing that the earnings from working were not worth the effort.

Costs of Returning Home for the New Year#

  • Transportation Costs: Traveling back from the western region by green train takes three days and two nights, costing about 600 yuan round trip. Later, I chose to fly, with costs exceeding 3000 yuan, equivalent to the price of an iPad.
  • Family Costs: For a family of three or four, the cost of returning home for the New Year may exceed 10,000 yuan, comparable to the cost of traveling to nearby small countries.

Working and Earning Money#

  • Types of Work: Classmates earned money through various means, such as selling phone cards, installing broadband, bringing customers to laundries, selling steamed buns, working as internet café managers, engaging in pyramid schemes, creating websites, and providing game boosting services.
  • Personal Reflection: The need to work for money reflects a lack of other earning opportunities and abilities at that time (and now).

Current Situation#

Income from Food Delivery#

  • Income Comparison: The income from food delivery now is relatively better compared to the working methods of years ago, especially for those who enjoy riding two-wheeled vehicles.

Money-Saving Strategies for Returning Home for the New Year#

  • Snagging Train Tickets: By choosing tickets that are low-priced and at convenient times, one can save on costs when returning home for the New Year.
  • Friend's Experience: A friend mentioned that train tickets are easy to grab, worrying that some routes might be canceled in the future due to a decrease in passengers.

Trend Analysis of Returning Home for the New Year#

  • Driving Home: With the decrease in car prices, more people are choosing to drive home, but this may not necessarily be more economical than taking the high-speed train.
  • Population Mobility: The number of people working away from home has decreased, or they have brought their elderly relatives to the cities, leading to a reduction in those returning home for the New Year.
  • Lifestyle Perspective: People are gradually realizing that no matter where they live, as long as there is delivery service, the differences in life are not significant.

Conclusion#

The cultural tradition of returning home for the New Year remains strong in China, but with the development of the social economy and changes in people's lifestyles, this tradition is gradually evolving. Whether through cost-saving strategies or choosing new ways of living, people are seeking ways to celebrate the New Year that suit them. At the same time, this cultural phenomenon also has a certain impact on the country's GDP and stock market, warranting further observation and analysis.

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