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China National Day Holiday spending heralds upbeat start to fourth quarter

BEIJING: Brisk spending during the ongoing National Day holiday in China has made for an encouraging start to the fourth quarter, with continued policy support expected to sustain the improvement in consumer demand in the months ahead, experts said on Monday (Oct 5).

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中国国庆假期消费预示着第四季度开局良好

Thousands of tourists admire the exquisite stone carvings at the Longmen Grottoes in Luoyang, Henan province, on Oct 3. - China Daily/ANN

BEIJING: Brisk spending during the ongoing National Day holiday in China has made for an encouraging start to the fourth quarter, with continued policy support expected to sustain the improvement in consumer demand in the months ahead, experts said on Monday (Oct 5).

Data from the Ministry of Commerce showed that during the first three days of the holiday (Oct 1-3), sales at 78 pedestrian shopping streets and commercial districts monitored by the ministry rose 5.3 percent year-on-year, outpacing a 3.4 per cent increase in the number of visitors.

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