Retail: Holiday spending rises
(China Daily)
Updated: 2006-10-09 10:46
China's gross consumer goods retail sales hit 300 billion yuan (US$37.5
billion) during the "Golden Week" holiday (October 1-7), up 14.5 per cent on the
same period of last year, according to the Ministry of Commerce.
A survey
released on Saturday showed consumers spent their cash on a variety of products.
Mobile phones, liquid crystal TV sets, digital devices, jewellery and clothes
were among the bestsellers.
China has three week-long breaks each year,
called "golden weeks". They take place at Spring Festival, May 1
International Labour Day and October 1 National Day. (For more biz stories, please visit Industry Updates)
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