News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
MOFCOM Data: Trade-in Incentives for Consumer Goods Drive RMB629.27 Billion in Sales; Robust Service Consumption Demand During "May Day" Holiday
Data from the Ministry of Commerce (MOFCOM) showed that service consumption demand was robust during the "May Day" holiday, while goods consumption remained generally stable, with ...
Reset
Send
The window will close in 5 seconds
MOFCOM Data: Trade-in Incentives for Consumer Goods Drive RMB629.27 Billion in Sales; Robust Service Consumption Demand During "May Day" Holiday
Close
Recommend
2
Positive
1
Negative
0
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Gold ETF share!

Data from the Ministry of Commerce (MOFCOM) showed that service consumption demand was robust during the "May Day" holiday, while goods consumption remained generally stable, with adequate supply and stable prices of daily necessities.

In terms of service consumption, according to commerce big data, the number of cross-provincial tourists nationwide on key platforms increased by 7.6% YoY, of which tourists traveling over 800 kilometers rose by 20% YoY, driving hotel accommodation spending up by 18% YoY. Car rental orders grew by 21% YoY, including a 67.6% YoY increase in inter-city orders. Performance-related consumption increased by 17.6% YoY, while box office revenue during the "May Day" holiday period exceeded RMB700 million.

Related NewsInflation Rate YoY for Apr in China is 1.2%, higher than the previous value of 1.0%. The forecast was 0.8%.
Regarding goods consumption, data showed that as of Monday (4th), trade-in programs for consumer goods in 2026 benefited 86.204 million person-times, driving total sales of RMB629.27 billion. Among them, 2.132 million vehicles were replaced under the auto trade-in scheme, generating RMB342.39 billion in new car sales; 34.735 million units of home appliances were traded in, driving RMB141.54 billion in sales; and 49.337 million units of digital and smart products were newly purchased, generating RMB145.34 billion in sales. (ta/w)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.