Trade: Holiday retail consumption
(Xinhua)
Updated: 2006-05-09 14:49 The week-long May Day holiday
has helped boost China's retail consumption, with retail sales of social
consumer goods growing 16 percent from the previous year to 278 billion yuan
(US$34.8 billion), said the Ministry of Commerce on Monday.
Between May
1 and 7, the country's "Golden Week" holiday, the sales volume of China's 1,000
key retailers monitored by the ministry reached nearly 50 billion yuan (US$6.25
billion), a growth of 18 percent.
Business was especially brisk in big
department stores, supermarkets, telecommunications equipment stores and shops
selling garments and building materials, as well as in home appliance chain
stores, said the Ministry.
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