NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home > News Brief > China
Retail sales of consumer goods hit 220 bln RMB in Spring Festival
Latest Updated by 2007-02-25 08:52:12
Related News
Stronger yuan spurs overseas holidays
Millions of Chinese on the move again as holiday comes near end
China secures product quality in rural areas as New Year comes
New Year celebrations highlight local culture
7 Lunar New Year Flower Fairs Opened in Guangzhou
China
Retail sales of consumer goods hit 220 bln RMB in Spring Festival
Millions of Chinese on the move again as holiday comes near end
Lion dance competitions highlight Myanmar-Chinese new year celebration

The retail sales of consumer goods in China rose 15 percent year-on-year to 220 billion yuan (28.2 billion U.S. dollars) during the week-long Spring Festival holiday, said sources with the Ministry of Commerce on Saturday.

Retail sales in the catering industry surged 18 percent over last year's Spring Festival holiday.

The figures for central Henan Province, northeastern Heilongjiang Province and Beijing rose 22 percent, 25 percent and 20 percent respectively.

Ninety-five percent of the restaurants in Beijing received reservations for family reunion dinners during the holiday.

Meanwhile, high-end household electric appliances and digital products became hot sellers in major cities.

Sales of flat screen TV sets, including liquid crystal display (LCD) sets and plasma screen sets, accounted for 90 percent of the total sales of color TV sets in Beijing, while the sales of high-end mobile phones soared 40 percent in GOME retail stores in Chongqing.

Motorcycles priced between 3,000 yuan and 5,000 yuan sold well in rural areas of central Hubei Province and eastern Jiangsu Province as more and more farmers rode motorcycles to make New Year visits to relatives and friends.

Farmers' consumption capability is on the rise partly because China's rural cooperative medical care system, under which the government helps fund farmers' medical expenses, will cover 80 percent of counties this year and partly because students in rural areas will be exempted from paying tuition fees in the nine-year compulsory education, said the ministry.

China has three Golden Week holidays every year, including the Spring Festival holiday, May 1 Labor Day holiday and October 1 National Day holiday.

The Chinese government launched Golden Week holidays in 1999, in the hope of encouraging people to spend more money for the benefit of economic growth.

In 2006, the retail sales of China's consumer goods rose 14.5 percent over that in 2005 to 300 billion yuan during the National Day holiday.

Editor: Yan

By: Source: China View website
Previous:    Next:Millions of Chinese on the move again as holiday comes near end


Flower fairs heat up festive atmosphere


'Space flowers' on show in SZ


[Guangzhou] Eight New Attractive Places of Liwan District Selected


GD Int'l Building Finally Finds new Owners


Zhang Ziyi, most unpopular Chinese actress
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips