'Golden Week' sees big rise in spending
By Zhou Siyu | China Daily | Updated: 2011-02-10 07:52
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A store in Beijing selling decorations for the Chinese Lunar New Year. Domestic consumption increased rapidly during the Spring Festival holiday as the nation tries to boost domestic demand to balance economic growth. Mai Tian / For China Daily |
Retail, food sectors take in billions during Spring Festival holiday
BEIJING - China's holiday spending surged by 19 percent year-on-year during the seven-day Spring Festival "golden week", one of the highest increases in a decade, giving fresh support for the country's measures to boost domestic demand, analysts said on Wednesday.
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