China has seen a robust consumption growth in the first four days of the eight-day National Day and Mid-Autumn Festival holiday that started on Oct 1, according to the Ministry of Commerce.
Sales at major retail and catering outlets rose 3.3 percent year on year in the four days, and the foot traffic and the revenue at 78 major pedestrian streets across China increased by 4.2 percent and 4.0 percent respectively over the same period last year, the ministry data showed.
Green and smart consumption gained popularity among Chinese consumers.
Data from leading e-commerce platforms showed that sales of organic food surged 20.1 percent year on year, while energy-efficient home appliances jumped 19 percent, smart refrigerators climbed 20.7 percent, and smart home products grew 16.8 percent, the ministry said.
Service consumption remained vibrant, with autumn sightseeing, self-driving tours, and travels to revolutionary sites drawing a number of holidaymakers.
The National Day holiday box office exceeded one billion yuan (about 140 million U.S. dollars), and sports events like the China Open tennis tournament sparked a wave of enthusiasm among spectators.
Food and vegetable also have been sufficient in supply and stable in price during the holiday.
Data showed that stocks of grain, oil, meat, eggs, and vegetables at 200 major agricultural wholesale markets across the country remained ample, and prices of grain, cooking oil, pork, mutton, and chicken stayed largely stable compared with the September 30 levels, the ministry said.
Vegetable and beef prices edged up 0.4 percent and 0.3 percent respectively from pre-holiday levels, while egg prices dipped 0.4 percent, according to the ministry.
China sees robust consumption in first four days of National Day holiday
China sees robust consumption in first four days of National Day holiday
China sees robust consumption in first four days of National Day holiday
