China’s domestic retail and catering sectors posted sales of 1.005 trillion yuan ($149.05 billion) during the week-long Spring F
estival holiday that ended Sunday, an annual increase of 8.5 percent, according to the Ministry of Commerce.
China’s consumption upgrade is continuing, the ministry said, adding that some emerging consumption such as internet consumption, customized con
sumption, experience consumption and smart consumption were the highlights during the holiday.
Green food, intelligent home appliance, new digital produ
cts and local special products maintained rapid growth, according to the ministry.
Emerging service modes such as shopping malls and outlets encompassing ca
tering, shopping and amusement became more popular during the holiday.
Sales in seven major shopping malls and outlets monitored by the Shanghai government ro
se more than 20 percent year-on-year, while in East China’s Anhui province, sales in some malls jumped 11.6 percent year-on-year.
Meanwhile, experience consumption, including leisure tourism, film and expo, folk activities, rose.