Business · Economy · 15 hrs ago
China’s National Day holiday boosts services and goods spending
China saw strong consumer spending during the National Day holiday, according to value-added tax invoice data.
Daily sales revenue across service industries rose 19.5% from the same period a year earlier.
Tourism and entertainment services grew by more than 20%, while restaurant services rose 9%.
Demand also increased for hotels, cultural activities and sports services.
Spending on home appliances and audio-visual equipment grew by more than 40%, and sales of phones and other communication devices more than doubled.
The figures reflect holiday travel and gatherings, as well as subsidies for replacing older goods, new digital products and households bringing forward purchases.
The data show a broad rise in spending on both services and consumer goods, but no further measures were specified.
China’s National Day holiday brought strong services spending and growth in sales of several goods, according to value-added tax invoice data.
Average daily sales revenue in related service industries rose 19.5% year on year nationwide.
Sales revenue from tourism and sightseeing and entertainment services increased by more than 20%.
Restaurant services revenue rose 9%, while cultural and arts services revenue grew 20.9%.
Sales revenue for household appliances and audio-visual equipment rose by more than 40%, and communications equipment sales increased by more than 100%.
- Who
- Consumers across China.
- What
- Services and goods spending increased during the National Day holiday.
- When
- During the 2026 National Day holiday; the exact dates are not stated.
- Where
- Nationwide in China.
- Why
- Tourism, dining and cultural activities supported services spending. Appliance sales were influenced by trade-in subsidies, new digital products and households bringing forward replacement purchases.
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- Average daily sales revenue in related service industries
- Up 19.5% year on year
- Tourism, sightseeing and entertainment services
- Sales revenue up more than 20% year on year
- Restaurant services
- Sales revenue up 9% year on year
- Cultural and arts services
- Sales revenue up 20.9% year on year
- Household appliances and audio-visual equipment
- Sales revenue up more than 40% year on year
- Communications equipment
- Sales increased by more than 100% year on year
Sources
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