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Spring Festival consumer boom experienced in Hailing

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etaizhou.gov.cn|Updated: January 31, 2023

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Customers look at jewelry in a shopping center. [Photo/WeChat account: weihailing0523]

During the Spring Festival, a wide range of goods and efficient supply sources sparked a consumer spending boom in the Hailing district of Taizhou city, in East China's Jiangsu province.

The five major commercial enterprises in Hailing hit 47.29 million yuan ($7.01 million) in sales during the break, up 6 percent year-on-year, while three major accommodation and catering enterprises reported 4.64 million yuan in sales, up 4 percent.

The First Department Store carried out promotions activities during the holiday and its gold jewelry sold well, with sales up 4 percent year-on-year.

Elsewhere, retail store Golden Eagle's total sales hit a record and its sales in makeup and apparel grew over 6 percent year-on-year.

What's more, daily necessities also sold well. Sales at RT-Mart and Century Mart supermarkets topped 6 percent on average year-on-year.

The catering industry experienced peak consumption during the break. Pengxin, Huibinlou and the Meilihua Hotel witnessed hot demand, with sales increasing 18 percent on average.

A number of Chinese New Year's activities are widely said to have helped boost the consumer spending boom.

A local official said the result could be seen as a reflection of the good cooperation between banks and enterprises, which carried out many promotions activities together.


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