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
News for Outlets

Multiple local gov'ts in China issue coupons to spur consumption in Mid-Autumn Festival, National Day holidays

September 27, 2021


Abstract : Multiple local governments in China have issued coupons to stimulate consumption in the Mid-Autumn Festival holiday (September 19-21) and the upcoming National Day holiday (October 1-7), reported Securities Daily Sunday.

1310192071_16318019226581n.jpg

Customers choose products at a duty-free shopping mall in Haikou, south China's Hainan Province, July 2, 2021. (Xinhua/Guo Cheng)

BEIJING, Sept. 27 (Xinhua) -- Multiple local governments in China have issued coupons to stimulate consumption in the Mid-Autumn Festival holiday (September 19-21) and the upcoming National Day holiday (October 1-7), reported Securities Daily Sunday.

Nanjing, capitalof east China's Jiangsu Province, announced on September 10 to issue three rounds of coupons during the Mid-Autumn Festival holiday and the National Day holiday, with the aim to boost the consumption in shopping malls, supermarkets, the catering sector, etc.

Central China's Hubei Provinceon September 17 also issued a batch of coupons which were sold out within seconds.

According to the monitoring data from the Department of Commerce of Hubei Province, driven by the coupons, the turnover of eight large enterprises in Hubei's capital city Wuhan increased significantly from 2019, and from September 19 to 21, the sales of 33 retail sample enterprises in large and medium-sized cities of Hubei reached 1.316 billion yuan, up 1.11 percent year on year.

On September 22, Chinese retail giant Suning.com released a report on the consumption big data during the Mid-Autumn Festival in 2021, and it showed that with the effective control of the COVID-19 pandemic, the offline consumption is gradually picking up, with lazy economy, three-child economy and county economy becoming new engines for consumption.

Data from the Consumer Market Big Data Laboratory (Shanghai) showed that from September 18 to 20, the online consumption in Shanghai Municipality registered 18.10 billion yuan, up 16.5 percent year on year.

According to piaofang.taopiaopiao.com, a box office tracker under Alibaba Pictures, the pre-sale box office on October 1, the first day of the National Day holiday, has reached 30.12 million yuan as of 16:00 on September 26.

LY.COM, a travel booking platform, on September 23 released a report on the travel trend during the National Day holiday in 2021, and it said that during this year's National Day holiday, the number of domestic tourists would reach 650 million, recovering to more than 80 percent of the same period in 2019, and a new consumption boom would be seen during the holiday.

(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com) 

Scan the QR code and push it to your mobile phone

Keyword: consumption coupons

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