China’s consumer spending has grown remarkably during the golden week of the Spring Festival, the Xinhua News Agency reported citing the latest statistics from the Ministry of Commerce (MOC).
Key details:
“Combined sales of retail and catering companies in China increased 28.7% year-on-year to 821 billion yuan (about $ 127.5 billion). “
“China’s online sales exceeded 122 billion yuan during the same period, and online catering sales increased 135% compared to last year’s Spring Festival holidaysas more Chinese ordered ready-to-eat meals through e-commerce or online food delivery platforms. “
“Sales of products related to Lunar New Year’s Eve dinners increased 54.9% year-on-year during the holidays”.
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