CCTV News: The State Administration of Taxation Value-added Tax invoice data shows that during the Spring Festival holiday, the average daily sales revenue of national consumption-related industries increased by 10.8% compared with the Spring Festival holiday last year, among which commodity consumption and service consumption increased by 9.9% and 12.3% year-on-year respectively. With the support of the "old for new" policy for consumer goods, the consumption of home appliances and home furnishings has a high growth rate, the demand for tourism, culture, art and sports services is strong, and the consumption of grain, oil and food is growing well.

——Subsidy policies have increased their efforts to drive the rapid growth of consumption of home appliances and home goods

During the Spring Festival holiday, driven by the "old for new" policy, consumers are enthusiastic about "renewal" and promote the rise in consumption of home appliances. Sales revenue of household appliances and audio-visual equipment increased by 166.4% year-on-year, of which household audio-visual equipment such as TVs increased by 226.8% year-on-year. Digital products such as mobile phones and smart watches were included in the scope of new purchase subsidies, allowing consumers to obtain affordable red envelopes, and the sales revenue of communication equipment increased by 181.9% year-on-year. Sales of goods related to home decoration, such as construction and decoration materials, are also showing a rapid growth trend, with a year-on-year increase of 15.5%.

——Tourism service consumption continued to grow rapidly

During the Spring Festival holiday, the tourism consumption market was hot, and the sales revenue of tourism-related services increased by 37.5% year-on-year. As the first Spring Festival after being officially included in the UNESCO representative list of the intangible cultural heritage of human beings, New Year customs activities such as temple fairs, lantern watching, paper cutting, and lacquer fans have received more attention. Entertainment and leisure have become a new form of tourism consumption, and sales revenue of leisure and sightseeing activities, park scenic spot services, and amusement park services increased by 81.9%, 59.5%, and 14.1% year-on-year respectively. The homestay industry combines local characteristics to provide tourists with a more personalized accommodation experience and is popular with tourists. The sales revenue of homestay services increased by 12.6% year-on-year.

——The popularity of cultural, artistic and sports services has increased significantly

During the Spring Festival holiday, various places have carried out many cultural activities around themes such as ice and snow, performing arts, and folk customs to further meet consumers' demand for cultural and artistic consumption. Sales revenue of cultural and artistic services increased by 66.3% year-on-year. Among them, the sales revenue of literary and artistic creation and performance services and art performance venues increased by 83.9% and 65.9% year-on-year respectively. During the Spring Festival holiday, consumers paid more attention to sports and entertainment and sports health needs, and sales revenue of sports venue services and sports fitness services increased by 135% and 224.1% year-on-year respectively.

——The consumption of food products has grown well

During the Spring Festival holiday, the supply of food markets in various places was sufficient, and the sales revenue of grain, oil and food increased by 18.9% year-on-year, of which the retail sales of bread, pastries, meat, poultry, eggs, milk, and grain and oil increased by 29.9%, 16.9% and 14.7% year-on-year respectively; the sales revenue of department stores and convenience stores increased by 5.2% and 16.1% year-on-year respectively, providing good support for residents to purchase various types of goods.