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在线翻译:
szdaily -> Business
Retail sales growth exceeds 10% during holiday
    2017-October-10  08:53    Shenzhen Daily

DAILY retail sales during the National Day holiday that ended Sunday rose at a double-digit pace, data from the Ministry of Commerce showed, steady from a year earlier.

Average daily sales of retailers and catering firms increased 10.3 percent from a year ago to 1.5 trillion yuan (US$226 billion) during the eight-day holiday, the ministry said in a statement posted on its website late Sunday.

Daily revenue grew 10.7 percent in the previous year.

The Golden Week break is a peak season for Chinese people to pack their bags for traveling.

In terms of revenue, the holiday is more important for retailers than Chinese New Year as they vie for customers with promotions and discounts.

New economy services such as car-sharing and hotel-sharing have become increasingly popular this year, the ministry said.

Statistics from the China National Tourism Administration also showed that 705 million trips were made during the National Day holiday this year, up 11.9 percent from the seven-day holiday last year.

China’s tourism industry saw revenues of 583.6 billion yuan during the holiday, up 13.9 percent from last year, tourism bureau data showed.

Holidaymakers in the world’s second-largest economy, who spent US$261 billion overseas last year, have stayed closer to home this year, ensuring good business for domestic tourism operators, Xinhua said.

Economists are closely watching the consumption data as China shifts towards a more services-driven economy.(SD-Agencies)

 

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