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
Economy

Chinese consumers spend nearly 700 bln yuan during nationwide online shopping festival

May 14, 2021


Abstract : Chinese consumers spent 692.8 billion yuan (about 107.22 billion U.S. dollars) over the course of a 15-day online shopping festival, official data shows.

BEIJING, May 13 (Xinhua) -- Chinese consumers spent 692.8 billion yuan (about 107.22 billion U.S. dollars) over the course of a 15-day online shopping festival, official data shows.

This represents a year-on-year growth of 26.7 percent, commerce ministry spokesperson Gao Feng told a regular press conference on Thursday.

The online shopping festival, jointly launched by the Ministry of Commerce and other offices, is a nationwide campaign designed to boost quality consumption.

The sales revenue of physical commodities surged 25.9 percent year on year to 562 billion yuan during the festival, with Chinese brands accounting for 73.8 percent of total sales, the data shows.

Sales of travel packages soared 330 percent from a year ago during the online festival, and catering services sales surged 51.1 percent. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Chinese consumers online shopping festival

Reading:

Interview: Preserving U.S.-China phase-one trade deal to bring stability, business leader says

China's Sinovac vaccine creates "pandemic oasis" in Brazilian town: media

U.S., China need to resume collaboration: former U.S. ambassador to China

China will have 9 mln new college graduates this year

Foreign investors confident in Hainan's offshore duty-free industry on spurring consumption transformation and upgrading

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