xi's moments
Home | Society

China's consumer market sees strong recovery during Golden Week holiday

Xinhua | Updated: 2020-10-10 09:04

People visit a shopping mall in Sanya, Hainan province, on Oct 6, 2020. [Photo/Xinhua]

BEIJING -- China's consumer market saw a strong recovering momentum during the eight-day holiday that ended Thursday, data from the country's top tax authority showed Friday.

From Oct 1 to 8, average daily sales of the wholesale and retail sector rose 14.1 percent compared with the National Day holiday last year, with sports goods and equipment registering a year-on-year growth of 114.6 percent, the State Taxation Administration said, citing value-added invoice data.

Consumption of services also saw a quick rebound during the holiday. Average daily sales of the catering and accommodation sector climbed 12.7 percent, while that of tourism services recovered to 69.8 percent of the level seen in the same period last year, the administration said.

The recovering consumption momentum demonstrated the advantages of China's super-large market and the great vitalities brought about by new economic development pattern of "dual circulation," an official with the administration said.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349