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Economic Watch: Beijing sees booming holiday consumption
Customer flow trackers in 60 key commercial districts in Beijing recorded 20.68 million entries over this year's Dragon Boat Festival holiday, up 76.8 percent year on year, according to the Beijing Municipal Commerce Bureau.
June26,2023
China's consumption, tourism markets sizzle during May Day holiday
China's household consumption and tourism markets saw fast growth during the just-ended May Day holiday, data from the State Taxation Administration (STA) showed Thursday.
May05,2023
Economic Watch: Tianjin uptick reflects China's consumption recovery
Inside a western-style building in the Xiaobailou business district of north China's Tianjin Municipality, Tihanyi Istvan from Hungary is explaining the history and tasting methods of Hungarian red wine to dozens of customers at a wine-tasting session.
May04,2023
China's home appliance retail sales down 5.2 pct on-yr in 2022
Total retail sales value of home appliances in China decreased 5.2 percent year on year to 835.2 billion yuan in 2022, according to a report released by China Center for Information Industry Development (CCID) on Wednesday.
March30,2023
Shanghai Jing'an to further promote commercial activities in Nanjing West Road business circle
Shanghai plans to build Nanjing West Road business circle into a more prosperous commercial hub with retail sales volume exceeding 100 billion yuan (about 14.5 billion U.S.dollars) by the end of 2025, according to the 2023 Forbes China Jing'an West Nanjing Road Forum held in Shanghai recently.
March27,2023
State Grid Zibo Power Supply Company helps local "nighttime economy" development
State Grid Zibo Power Supply Company provides high-quality power supply and electricity service for local catering industry, injecting vitality for the development of local nighttime economy in Zibo of east China's Shandong Province.
March20,2023
China's domestic luxury goods sales down 15 pct on-yr in 2022: report
China's domestic sales of luxury goods reached 547.5 billion yuan in 2022, down 15 percent year on year, marking the first decline seen in the country, according to a report released on Tuesday by Yaok Institute, a market research and consulting institution for China's high-end lifestyle.
February15,2023
China's consumption recovery off to a strong start in 2023: Fitch
China's consumption sector posted a strong recovery in early 2023, with the high-end and mid to high-end discretionary service sectors performing impressively, according to a report from Fitch Ratings.
February06,2023
Digital yuan boosts Chinese New Year consumption
On the first day of the Year of the Rabbit, Li, a citizen of north China's Tianjin Municipality, was preparing a red packet for her daughter, a monetary gift traditionally given by the elderly to the younger generation during the Spring Festival.
January30,2023
Consumption highlighted in Shanghai's economic layout for 2023
China's financial hub Shanghai on Wednesday set the gross domestic product (GDP) growth target for 2023 at over 5.5 percent, with a package of incentive measures introduced to fulfill the goal.
January12,2023
China's consumption gains steam as shopping, tourism, catering rebound
Though the Spring Festival is still a few days away, shopping malls in the city of Baoding, north China's Hebei Province, are already preparing for the most important Chinese holiday of the year. Right now red Chinese knots and the festival's mascot can be seen all over Baoding.
January11,2023
Ice-snow sports consumption picks up steam in China
As the number of people enjoying skiing increases rapidly, China's ice and snow sports-related consumption has picked up steam in recent years, the Xinhua-run Economic Information Daily reported on Thursday.
December01,2022
Diversified, high-end imported goods popular among Chinese consumers
Diversified and high-end imported goods are popular among Chinese consumers as consumption upgrading advances, according to a report released on Wednesday by JD research institute for consumption and industrial development under the Chinese e-commerce giant JD.com.
November03,2022
Multiple regions in China support consumption of NEVs, eyeing growth momentum in Q4
Policy measures have been issued in multiple places in China lately to support the consumption of new energy vehicles (NEVs), upon which experts believe that the production and sales of NEVs should remain growth momentum in the fourth quarter, reported Securities Daily on Thursday.
October27,2022
Tibet sees double-digit annual growth of consumption expenditure over past decade
Southwest China's Tibet Autonomous Region has seen the per capita consumption expenditure of its residents surging over the past 10 years thanks to their rising income, authorities said Tuesday.
October12,2022
Shanghai issues e-coupons to spur consumption
Shanghai will for the first time issue e-coupons to boost consumption, with the campaign running from late August to late November, the municipal commission of commerce said on Wednesday.
August18,2022
China's e-commerce spawns new patterns to boost consumption
New consumption patterns are evolving in China's e-commerce sector as social media platforms offer specialized online shopping services to attract more consumers, injecting vitality into the country's online retail sales.
August02,2022
Beijing rolls out measures to boost consumption
Beijing has rolled out a spate of measures in an effort to boost consumption recovery in the Chinese capital, according to the local economic planner.
July08,2022
Online shopping spree mirrors consumption recovery
As the June 18 shopping festival has come to an end, Chinese consumers have set off a mid-year consumption boom.
June22,2022
Digital channels empower Shanghai retailers during mid-year shopping festival
Livestreamed fashion week, up to 50 percent discount vouchers and more convenient group purchase options were some of the new features of this year's mid-year online shopping festival in Shanghai.
June20,2022
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