Dragon breathes fire into new year spending spree in China

Source: 
scmp.com

Retail sales ahead of the Lunar New Year are strong in China as consumers fill their shopping bags despite high inflation and the uncertain economic outlook.

According to Shi Jinhong, head of a Wumart supermarket in Ganluyuan, Beijing, daily sales in his 9,000-square metre market had doubled or even tripled during the past week while average customer transactions rose to more than CNY100 (USD16) from CNY50.

Boxes of nuts, candy, fruits, wine, liquor and various New Year decorations are the most sought-after items in the market.

To view the full article (note: you must be an scmp.com subscriber), visit scmp.com. (From seven days after publication, this article will appear in Archive Search.)
 

Your rating: None Average: 5 (1 vote)

Join 1970-01-01
Connections (0)
Pending Connections (0)
Inbox (0)

RIA Poll

Which marketing activity works best for your brand?
Advertising
20%
Organising events for consumers
20%
Direct mail activities
0%
Attending live networking events
20%
Writing blog posts
0%
Social media networking
40%
Sending out press releases
0%
Others
0%

Related Articles