Spending up 14% during Chinese holiday
9 October 2006
Chinese consumers spent US$37.88 billion during the week-long National Day holiday, state media reported. The figure from the Ministry of Commerce is up 14.5% from 2005. It is also in contrast with numbers from Hong Kong retailers which showed virtually flat spending growth from mainland visitors this year. Spending appeared to be spread evenly between small and big cities with growth in some smaller cities surpassing that in bigger ones. Spending in Sichuan Province, for example, jumped 18%, some 2.5% higher than Beijing.
