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Retail sales reach 570b yuan during holiday

By Yu Hongyan (chinadaily.com.cn)
Updated: 2009-10-09 15:02

Retail sales during the eight-day National Day holiday hit new high to about 570 billion yuan ($83.49 billion), the Ministry of Commerce said on its website yesterday.

Daily retail sales during this period grew 18 percent from that of the national holiday last year which ran from October 1 to 7, the ministry said, with sales in home appliances, jewelry and catering sectors all experiencing a surge during the holiday.

Related readings:  China retail sales boom in National Day Holiday  Beijing reports brisk market  Short trips peak during golden week

Notably, revenue in China's tourism market is expected to top 100 billion yuan during the country's longest national holiday ever, up 25 percent year-on-year, according to the China Tourism Academy.

Meanwhile, the number of tourists during this period is expected to grow 13 percent year-on-year to 200 million persons, said the academy.

The holiday, running from October 1 to 8, was extended by one day this year as the Mid-Autumn Festival fell in the period.