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Shanghai Daily News Digest

Rise in spending over the holiday period   2020-10-09

 

 

Consumption in Shanghai saw strong growth in most areas during the eight-day National Day and Mid-Autumn Festival holiday. The city’s 437 large-scale commercial enterprises achieved overall sales of 12.38 billion yuan (US$1.82 billion) from October 1 to 8, up 13.7 percent year on year, according to data from the Shanghai Consumer Market Big Data Laboratory. The city’s offline consumption during the holiday added up to 65.98 billion yuan, an increase of 12.2 percent from a year earlier, while online retail sales rose 15.7 percent to total 35.86 billion yuan.  

 


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