Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

"Stay-put" Spring Festival drives consumption in Shanghai

February 18, 2021


Abstract : Retailers and restaurants in Shanghai saw surging sales during the Spring Festival holiday as many people stayed put to prevent the spread of COVID-19.

SHANGHAI, Feb. 18 (Xinhua) -- Retailers and restaurants in Shanghai saw surging sales during the Spring Festival holiday as many people stayed put to prevent the spread of COVID-19.

The sales revenue of the city's 390 major retailers reached 7.61 billion yuan (about 1.18 billion U.S. dollars), 2.2 times the value reaped during last year's holiday, according to the Shanghai municipal commission of commerce.

A total of 107 selected catering and beverage businesses saw their sales revenue reach 29.33 million yuan during the same period, up 79 percent year on year.

The Spring Festival holiday, also known as the Lunar New Year, lasted from Feb. 11 to 17 this year.

From Feb. 11 to 16, the number of movie-goers reached 5.21 million, 2.2 times the number during the Spring Festival holiday in 2019, according to the movie-ticketing and film data platform Maoyan. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Shanghai consumption Spring Festival

Reading:

Germany to boost transport renewables to twice EU requirement by 2030

Chinese automaker JAC reports surging sales in January

China breaks box office records during Spring Festival holiday

China's mid-February box office surpasses half of 2020 total

Chinese send 365 million parcels during Spring Festival holiday

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial