China's consumer market sees strong recovery during Golden Week holiday

Source: Xinhua| 2020-10-10 00:52:29|Editor: huaxia

BEIJING, Oct. 9 (Xinhua) -- China's consumer market saw a strong recovering momentum during the eight-day holiday that ended Thursday, data from the country's top tax authority showed Friday.

From Oct. 1 to 8, average daily sales of the wholesale and retail sector rose 14.1 percent compared with the National Day holiday last year, with sports goods and equipment registering a year-on-year growth of 114.6 percent, the State Taxation Administration said, citing value-added invoice data.

Consumption of services also saw a quick rebound during the holiday. Average daily sales of the catering and accommodation sector climbed 12.7 percent, while that of tourism services recovered to 69.8 percent of the level seen in the same period last year, the administration said.

The recovering consumption momentum demonstrated the advantages of China's super-large market and the great vitalities brought about by new economic development pattern of "dual circulation," an official with the administration said. Enditem