Hey there! 😊 Have you ever wondered how much shopping people do during holidays? In China, during the Spring Festival holiday this year, everyone was super busy buying things, traveling, and having fun!
The Spring Festival, also known as Chinese New Year, is a very important holiday in China. This year, it lasted for eight days, from January 29 to February 4. During this time, people visit their families, eat delicious food, and enjoy festivities. But guess what? They also did a lot of shopping! 🛍️
According to He Yongqian, a spokesperson from the Chinese Commerce Ministry, sales at big stores and restaurants across the country went up by 4.1% compared to last year. That’s like if you had $100 last year, now you have $104.10! 📈
People bought lots of home appliances (things like TVs and refrigerators) and communication devices (like smartphones). Sales for these items grew by over 10%! That’s a big jump! 📱📺
Restaurants were also busier. Their earnings increased by 6.2%. Maybe more families went out to enjoy yummy meals together. 🍜🍲
Not only that, but many people traveled during the holiday. There were 500 million passenger trips within China! That’s like the entire population of the United States and Indonesia combined! 🚅✈️
These travelers spent a total of 677 billion yuan, which is about $93.1 billion! That’s a 7% increase from last year. Imagine if you had $100 last year, now you’d have $107. 💰
The movies were also a big hit! The box office earnings reached 9.51 billion yuan (about $1.31 billion), setting a new record! Maybe there were some awesome movies that everyone wanted to see. 🎬🍿
All this activity shows that China’s consumer market is growing and strong. It means people are spending more money, which can help the economy. It’s like when you buy something from a store, that store earns money, and they can pay their workers, who can then buy more things. It’s a big cycle! 🔄
Isn’t it amazing how holidays can boost a country’s economy? Next time you’re out shopping or traveling during a holiday, remember that you’re also helping your community! 😊
Reference(s):
Official: China's consumer market on track for steady Q1 growth
cgtn.com
