Ministry of Commerce: China's consumer market starts steadily

Chinese Ministry of Commerce spokesperson He Yong announced on the 6th that the sales of key retail and catering enterprises in China during this year's Spring Festival holiday increased by 4.1% compared to the same period last year, and the overall consumer market achieved a stable start. The first quarter will continue to show a steady growth trend.

She introduced that in terms of product consumption, food, festive goods, green smart home appliances, mobile phones, tablets and other products are selling well during the holiday period, with a focus on monitoring retail enterprises' sales of home appliances and communication equipment increasing by more than 10% year-on-year.

In terms of service consumption, He Yongqian stated that during the holiday season, the demand for service consumption such as dining, traveling, watching movies, and watching dramas is concentrated and released, with a focus on monitoring the year-on-year growth of 6.2% in the revenue of catering enterprises. The popularity of ice and snow tourism, cultural and museum tourism, and other activities continues to grow, with a total domestic travel expenditure of 677 billion yuan (RMB) during the Spring Festival holiday, a year-on-year increase of 7.0%; 500 million people traveled domestically, a year-on-year increase of 5.9%. The box office of Chinese New Year movies reached 9.51 billion yuan, setting a new historical high.

Resource: 中国新闻网