CCTV News (News Network): During this year's Spring Festival holiday, my country's consumer market was vibrant, with new scenarios, new business forms and new models showing highlights. The booming consumption pictures reflect the surging momentum of China's economy.
The Ministry of Commerce Business Big Data Monitoring, during the Spring Festival, the sales of key retail and catering enterprises nationwide increased by 4.1% year-on-year, and online retail sales increased by 5.8% year-on-year. The policy of "old-for-new" for consumer goods continues to be effective, and a "new trend" has been set off across the country, focusing on monitoring sales of retail enterprises' home appliances and communication equipment increased by more than 10% year-on-year.
The National Online New Year's Economy Festival's new Chinese jewelry and intangible cultural heritage products increased by 45.9% and 28.3% year-on-year, leading the new trend of New Year's Economy consumption. The State Film Administration and the Ministry of Commerce organized a series of activities to "Feel Food with Movies" to drive the new consumption methods of "movies + catering" to make the New Year popular.
This Spring Festival is full of vitality. From cities to rural areas, new scenarios, new business forms and new models continue to stimulate consumption potential. According to data from the People's Bank of China, during the Spring Festival holiday, UnionPay and Network Communications processed a total of 25.416 billion payment transactions with a total amount of 9.78 trillion yuan, an increase of 24.50% and 15.00% respectively over last year's Spring Festival holiday.
