Wang Longchi (R), a store manager of the Hema Fresh, Alibaba's fresh food chain, talks with a customer at a Hema Fresh store in Pudong of east China's Shanghai, Nov. 10, 2020.(Xinhua/Liu Ying)
BEIJING, June 2 (Xinhua) -- Shanghai saw a consumption boom in May stimulated by the second Double Five shopping festival, a months-long shopping event to spur consumption and reduce the economic impact of the COVID-19 epidemic, the Xinhua-run Shanghai Securities News reported on Tuesday.
Entering its second year, the shopping festival, which kicked off on the first day of the May Day Holiday and will run through the end of June in Shanghai, has already unveiled more than 320 key events and over 1,400 special activities, according to a press conference held by the municipal government.
In May, the city saw its online consumption further pick up, with the online retail sales of consumer goods exceeding 120 billion yuan, up 11.3 percent year on year. Meanwhile, over 300 million parcels were handled during the period, surging 20 percent from the same period of last year.
Besides, Shanghai's offline consumption continued to be active in May, with the transaction volume of offline sales increasing by 10.2 percent year on year to over 250 billion yuan.
Date showed that sales of key enterprises in Shanghai increased rapidly last month, as 205 key monitored enterprises in Shanghai achieved a total operating income of 35.16 billion yuan, up 15.9 percent year on year.
In addition, sales of high-end consumer goods, imported goods, as well as gold, silver and jewelry have posted double-digit growth in May, with the year-on-year growth rates of 58.3 percent, 46.3 percent, and 29.1 percent, respectively.
The Double Five shopping festival, launched in May last year, is part of China's wider efforts to revive consumer confidence and boost domestic consumption. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
A single purchase
