CCTV News:In the past "May Day" holiday, people’s willingness to travel was strong, consumption enthusiasm was high, and the consumer market maintained rapid growth. Holiday economy has become an engine to accelerate the recovery of overall consumption, effectively expand domestic demand and promote economic stability. How hot is the consumer market this holiday? Next, we intuitively feel this heat through several sets of data. First of all, let’s look at the business big data of the Ministry of Commerce. The monitoring shows that during the "May 1" holiday this year, the amount of daily necessities in the national consumer market was stable and the consumption transcripts were bright.
According to the business big data monitoring of the Ministry of Commerce, the sales of key retail and catering enterprises nationwide increased by 18.9% year-on-year. Among them, the sales of petroleum products and automobiles increased by 24.4% and 20.9% respectively. Sales of communication equipment increased by 20.1% year-on-year. Home appliance sales increased by 13.9% year-on-year. The passenger flow and turnover of national demonstration pedestrian streets increased by 121.4% and 87.6% respectively. The consumption of catering and leisure continued to be hot, and the sales of key catering enterprises increased by 57.9% year-on-year.
The quantity of daily necessities is sufficient and the price is stable. According to the monitoring of business big data, there are sufficient stocks of grain, oil, meat, eggs, vegetables and fruits in 100 large-scale agricultural and sideline products wholesale markets nationwide.
This year’s "May 1" holiday consumption report card is eye-catching, seasonal, quality and upgraded goods are sold vigorously, featured, diversified and experiential service consumption is widely favored, and innovative, intelligent and convenient new consumption is booming.
Chen Lifen, a researcher at the Institute of Market Economy, the State Council Development Research Center:Holiday economy activates consumption potential, which greatly boosts consumer confidence and improves market expectations, indicating that China’s endogenous consumption power is accelerating. Holiday consumption has become an important engine to accelerate the recovery of overall consumption, effectively expand domestic demand and promote economic stability. The popularity of holiday consumption has released a positive signal that China’s economy is continuing to recover.