As China continues to adapt to changing consumer preferences, this year's seven-day National Day holiday which ended on Monday has served as a testament to the resilience and dynamism of its economy, highlighting the importance of embracing new trends in the ever-evolving marketplace.
According to data from the Ministry of Commerce, major retail and catering enterprises saw sales increase by 4.5 percent year on year during the holiday period, with approximately 2.52 million consumers purchasing over 3.74 million units of eight major appliance categories -- refrigerators, washing machines, televisions, air conditioners, computers, water heaters, kitchen stoves, and range hoods, generating sales of 17.84 billion yuan (2.53 billion U.S. dollars).
In addition, the online retail sales of physical goods rose by more than nine percent year on year, while the postal and express delivery sector handled over 6.28 billion parcels.
Service consumption, particularly in accommodation, dining, and leisure activities, also surged during the holiday, which was boosted by a range of new offerings. Spectacular drone shows lighted the night of cities to enhance the tourism experience while some tourist destinations resorted to the fusion of modern technology and traditional scenery to create unique consumer engagement opportunities during the holiday week.
Data from the State Taxation Administration showed that sales revenue for daily household appliances and audio-visual equipment doubled, while the cultural services market experienced an impressive 85.2 percent year-on-year increase, with digital cultural services nearly doubling, highlighting a new trend where consumers are increasingly prioritizing quality of life and spiritual needs.
Wang Wei, a researcher at the market research institute of the Development Research Center of the State Council, noted that this holiday was characterized by new consumption trends.
"This year's National Day holiday consumption highlighted a key theme of 'new,' as new brands and services sparked fresh demand. This trend is beneficial for boosting consumer confidence and promoting a stable and positive consumption market," she said.
China's National Day holiday characterized by new consumption trends
