男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Golden Week consumption boom mirrors China's economic vitality

Xinhua | Updated: 2019-10-09 17:05
Share
Share - WeChat
Tourists gather to enjoy the light show at the Bund in Shanghai on Oct 6, 2019. [Photo/IC]

BEIJING - China's weeklong National Day holiday, popularly known as the Golden Week, witnessed the country's unabated economic vitality and flourishing consumption market.

From Oct 1 to 7, total sales of China's retail and catering firms reached 1.52 trillion yuan (about $215 billion), up 8.5 percent year-on-year, according to the Ministry of Commerce.

Consumption in the culture and entertainment sector was also strong. Chinese mainland box office revenue totaled about 5 billion yuan during Golden Week, making it the highest-grossing National Day film season in history, thanks to blockbusters featuring the 70th anniversary of the founding of the People's Republic of China.

Tourism revenue also saw a record of nearly 650 billion yuan during the period, up 8.47 percent year-on-year, official data showed. A total of 782 million domestic tourist trips were made during the holiday.

"The booming 'holiday economy' shows China's economy and consumption are transforming as the country further implements its high-quality upgrading," said Xu Guangjian, a professor from the School of Public Administration and Policy of the Renmin University of China.

Meanwhile, technology also reshaped consumption during Golden Week. Daily transactions of online payments rose 79.92 percent year-on-year during the Oct 1-7 period, according to the Chinese online payment clearinghouse NetsUnion Clearing Corporation.

A total of 8.594 billion transactions were processed by the platform during the past week, involving 4.33 trillion yuan in volume.

The country's two major third-party payment platforms WeChat Pay and Alipay both reported robust transactions during the Golden Week.

"The surging transaction volume of online payments reflects the shift in people's preferred payment method and the development of China's online payment market," said Dong Ximiao, a researcher with the National Institution for Finance and Development.

The demand for high-quality and customized tours is on the rise. "Red tourism," or revolutionary-themed tourism, has gained popularity.

About 78.84 percent of tourists participated in activities celebrating the 70th anniversary of the founding of the People's Republic of China, according to statistics from the Ministry of Culture and Tourism.

The impact of culture-related trips and nighttime events is also noticeable as about 66.4 percent of tourists visited culture- and history-themed tourist sites, while 44.96 percent participated in nighttime tourist activities.

"These targeted tours reflect more diversified consumption hotspots and a higher-quality consumption experience," said Tang Xiaoyun, vice-dean of the China Tourism Academy.

In addition, the per capita consumption in duty-free stores at airports has exceeded 2,000 yuan, as outbound tourists purchased products in domestic airports when they returned.

Consumption backflow is a growing trend in recent years, demonstrating the government's policy on encouraging consumption backflow is effective, noted Gu Ximin, a researcher with Minsheng Securities.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 自治县| 基隆市| 普格县| 商水县| 安泽县| 贺州市| 仪征市| 静宁县| 嘉善县| 宜城市| 清远市| 青铜峡市| 新巴尔虎左旗| 西丰县| 舞钢市| 韶山市| 龙山县| 仙桃市| 岳池县| 宜宾市| 锦屏县| 临湘市| 鄂尔多斯市| 城口县| 三穗县| 石河子市| 宣城市| 塔河县| 介休市| 图木舒克市| 锦州市| 乐亭县| 灵台县| 华坪县| 华池县| 麻江县| 建始县| 乌拉特后旗| 阿巴嘎旗| 沙河市| 简阳市|