300 billion yuan consumed during Golden Week
(People's Daily)
Updated: 2006-10-08 14:31
Chinese citizens spent 300 billion yuan (US$28B) during the National Day Golden Week
from October 1 to 7, an increase of 14.5% year on year, the People's Daily
reports.
An official from the Ministry of Commerce said several trends appeared in the
consumer market. One is consumption patterns have upgraded. High-tech products
are popular with citizens, including mobile phones, LCD TV sets and digital
products. Another is consumption tastes are healthier. Bookstores, libraries and
science and technology museums were warmly welcomed by patrons.In addition,
suburbs received more travelers than last year.
The official added during golden week, markets were abundant with staples for
daily life and prices were stable. In addition, resource-saving was obvious.
Even luxury packaging for mooncakes have all but disappeared.
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