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Holiday spending reflects upturn in Chinas consumer market

Source: Xinhua

Editor: huaxia

People visit Jiaxiu Pavilion in Guiyang, capital of southwest China's Guizhou Province, Oct. 1, 2022.(Xinhua/Tao Liang)

BEIJING,

Oct. 4 (Xinhua) -- During the National Day holiday in China, both

online and offline shopping have gained momentum in the country, thanks

to heightened consumer enthusiasm and the implementation of

pro-consumption policies.

During

the seven-day Golden Week holiday, various pro-consumption activities

have been launched nationwide to boost spending and sustain the recovery

of China's consumer market, said Shu Jueting, a spokesperson with the

country's Ministry of Commerce.

Local

governments have come up with diversified measures, including handing

out consumption vouchers, enriching traveling activities and organizing

consumption festivals to boost culture and tourism consumption.

For

instance, Fuzhou City in southeast China's Fujian Province plans to

issue consumption vouchers worth 3 million yuan (about 423,000 U.S.

dollars) during the holiday season to encourage spending, and southwest

China's Sichuan Province will organize over 70 activities such as

cultural and night tours to attract travelers.

"Local

governments have adopted vigorous measures this year, and these are

accessible to a wider range of consumers," said Chen Lifen, a researcher

with the Development Research Center of the State Council, adding that

such moves will further unleash consumption potential.

Travel

fervor runs high during the Golden Week holiday season. According to

Lvmama, a domestic online travel agency, bookings for trips during the

seven-day holiday through their platform increased by over 87 percent

from Sept. 11 to 20, compared with the previous 10 days.

Travel goods have become increasingly popular on online delivery platforms, mirroring the holiday boom.

Data

from Meituan, one of China's online delivery platforms, showed that a

week before the holiday, online searches for travel toothbrushes, travel

sub bottles and travel shampoo packs soared by 1,037 percent, 368

percent and 272 percent, respectively, compared with a week ago.

With

a growing interest in outdoor recreation among the Chinese people,

sales of outdoor equipment have also increased sharply. Two weeks ahead

of the holiday, sales of outdoor photographic equipment, in particular,

increased by over 300 percent compared with the previous two weeks, data

from e-commerce giant JD.com showed.

Along

with the recovery of the tourism sector, the country's catering

industry is also warming up, as restaurant businesses have boomed during

the holiday.

Restaurant

reservations during the National Day holiday via online platforms

increased by 87.6 percent compared with the same period last year,

according to data from Meituan.

The

data also revealed that besides big meals, consumers are showing

greater interest in snacks, beverages, pastries and other food items in

small eateries during the holiday.

Sales

of home appliances have also soared during the week-long holiday,

fueled by subsidies from local governments and generous discounts

offered by e-commerce platforms.

According

to data from the online retailer Suning, on the first day of the

National Day holiday, customer flow in its physical stores surged by

over 200 percent from the day before, and the number of orders placed at

its newly opened stores rose 120 percent compared with the previous

day.

On

the first day of the holiday, online sales of air purifiers, robot

vacuum cleaners, dishwashers and other advanced home appliances jumped

more than 100 percent from the previous day, data showed.

China

has rolled out a raft of measures to promote consumption recovery,

including boosting consumption in key fields such as automobiles, green

and intelligent home appliances as well as catering and accommodation,

among others.

"The

country's consumer market will consolidate the recovery trend and

continue to play a fundamental role in bolstering the country's economic

growth, as pro-consumption measures take effect," said Guan Lixin, a

researcher with the Chinese Academy of International Trade and Economic

Cooperation.