February 22, 2024 10:18 GMT
MNI BRIEF: Consumption To Grow Steadily After Spring Festival
MNI (BEIJING)
MNI ( Beijing)
Beijing believe Chinese consumption will show steady growth in Q1 after strong sales during the Spring Festival, according to He Yadong, spokesperson for the Ministry of Commerce on Thursday.
At a press conference, He highlighted Spring Festival passenger flows on major pedestrian streets increased by 32.9% y/y, while cinema tickets set a new record raising CNY8.01 billion yuan.
Advisors recently told MNI authorities should support bulk consumption, such as new energy vehicles and electronic products to support growth targets this year. (See: MNI: High Local Targets Hint At Further China Gov. Leverage)
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