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CHINA PRESS: China Q1 Consumer Market To Grow Steadily

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s consumer market is expected to grow steadily in Q1, as the government expands its trade-in policy, according to He Yongqian, spokesperson at the Ministry of Commerce. Speaking to reporters, He highlighted sales of household appliances and communication equipment increased 10% y/y during the Spring Festival, while catering enterprises increased 6.2%. The total cost of domestic travel during the Spring Festival holiday was CNY677 billion, up 7.0% y/y, with box office movies taking in CNY9.5 billion, a record high, He added. (Source: Securities Daily)

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China’s consumer market is expected to grow steadily in Q1, as the government expands its trade-in policy, according to He Yongqian, spokesperson at the Ministry of Commerce. Speaking to reporters, He highlighted sales of household appliances and communication equipment increased 10% y/y during the Spring Festival, while catering enterprises increased 6.2%. The total cost of domestic travel during the Spring Festival holiday was CNY677 billion, up 7.0% y/y, with box office movies taking in CNY9.5 billion, a record high, He added. (Source: Securities Daily)