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

China's retail, services sales boom during Dragon Boat Festival

June 07, 2022


Abstract : China's sales of consumer goods and services expanded year on year during the Dragon Boat Festival holiday, and catering and hospitality sectors posted substantial recovery, official data showed.

BEIJING, June 7 (Xinhua) -- China's sales of consumer goods and services expanded year on year during the Dragon Boat Festival holiday, and catering and hospitality sectors posted substantial recovery, official data showed.

Retail sales nationwide during the three-day holiday ending Sunday climbed 9.5 percent year on year, said the State Tax Administration. Sales of daily necessities like staple foods, oil, vegetables, fruits, eggs and meat shot up 28.4 percent from a year earlier.

Services sales grew 12.9 percent over last year, led by housekeeping with a 27.4-percent surge, the data showed.

The holiday also saw sales of the catering and hospitality sectors restoring 83.8 percent and 92 percent of last year's level, respectively.

Scan the QR code and push it to your mobile phone

Keyword: retail Dragon Boat Festival services sales

Reading:

Economic Watch: Rebounding commodity index mirrors a warming Chinese economy

Shenzhen to build 20 advanced manufacturing industrial parks

China to promote cold storage facilities construction

China EximBank issues bonds to support production resumption in Shanghai

China Focus: Highlights of China's policy package to stabilize economy

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