Beijing retail sales rise
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Beijing has reported a rise in retail sales during the week-long National Day holiday that began last Thursday.
Chinese government news agency Xinhua reports both locals and tourists have “spent heavily” on consumer goods.
During the first six days of October, Beijing’s 100 leading retailers reported a total sales revenue of 5.3 billion yuan (about US$833.7 million), up 6.2 per cent on the same period of last year, according to figures released by Beijing Municipal Commission of Commerce.
The figures were collected from Beijing’s major retail outlets including shops, supermarkets and restaurants, it said in a press release.
Many avid shoppers took advantage of the National Day promotions offered by most retailers to buy winter clothing and the latest models of smartphones and other digital products.
While housewives flooded supermarkets to buy food for their family feasts, many others chose to dine at some of the city’s most famous restaurants.
A surge of customers from locals and sightseers has brought an average 10 percent increase in revenue at these restaurants, according to the municipal commission of commerce.
It said the Golden Week has witnessed a 20 per cent surge in gold and jewellery sales, as the holiday week is also a prime time for weddings.
Questions & Answers
Q.What was the total retail sales revenue reported by Beijing's leading retailers during the specified period?
What was the total retail sales revenue reported by Beijing's leading retailers during the specified period?
During the first six days of October, Beijing's 100 leading retailers reported a total sales revenue of 5.3 billion yuan, which is approximately US$833.7 million. This figure represents a 6.2 per cent increase compared to the same period last year.
Q.Which retail categories saw particularly strong performance during the National Day holiday?
Which retail categories saw particularly strong performance during the National Day holiday?
There was a significant surge in sales for winter clothing, the latest smartphone models, and other digital products, driven by promotional offers. Gold and jewellery sales also saw a notable 20 per cent increase during the holiday period.
Q.What kind of establishments contributed to the reported retail sales figures in Beijing?
What kind of establishments contributed to the reported retail sales figures in Beijing?
The retail sales figures were collected from a wide range of Beijing's major retail outlets. These included traditional shops, large supermarkets catering to household needs, and various restaurants across the city.
Q.How did the restaurant sector perform in Beijing during the holiday period?
How did the restaurant sector perform in Beijing during the holiday period?
Restaurants experienced a 10 per cent increase in revenue due to a surge in customers from both local residents and tourists. Many people chose to dine out at some of the city’s well-known establishments.