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    • 820bn yuan

      Image courtesy of cj.sina.com.cn

      cj.sina.com.cn

      • Celebrations last for two weeks, ending on 15 February this year with the lantern festival, which marks the full moon. Since the 1990s, people in China have been given a week off work for New Year. According to China's Ministry of Commerce, people nowadays spend more than 820bn yuan (£96bn) on shopping and dining during this period.
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  2. Mar 6, 2024 · During Chinese New Year, people usually enjoy a consecutive 7-day holiday, including two relocated weekends, to be spent in a joyful reunion of family and friends. However, for two years,...

  3. Feb 19, 2015 · China's new year celebrations are a huge event but what do people spend their money on? Parents are the center of attention, ahead of fireworks and friends.

  4. Feb 19, 2024 · China has reported a record upsurge in travel and consumption during a longer-than-usual Lunar New Year holiday season, touting the gains as signs that the world’s second largest economy is...

    • The Impact of Covid-19 on Chinese New Year Travel
    • 2021 Top Chinese New Year Consumer Categories
    • Total Retail Revenue from Chinese New Year 2019 to 2021
    • Top Digital Red Envelope Platforms

    ‍ ‍ In a typical year, roughly 3 billion travel for the Chinese New Year, but Chinese officials are limiting domestic travel due to the lingering COVID-19 pandemic. Despite these restrictions, over 1 billion people are still expected to travel for the festival in 2022.Many people travel back to their hometowns to celebrate the festival with family....

    The top consumer categories are reflective of the rich traditions that surround the Chinese New Year. During the celebration, families often gather for meals that include long noodles, which signify long life, and dumplings that symbolize ancient Chinese money, which represents wishes for prosperity in the coming year. Nuts and snacks are another i...

    Chinese New Year is a major shopping season for many Chinese consumers. According to China’s Ministry of Commerce, China's retail and dining industry grew by 29 percent year over year from 98.45 billion in 2020 to 127 billion USD in 2021. Many experts took this as a sign of China’s strong economic recovery from the pandemic. Although omicron and de...

    During the Chinese New Year, family and friends traditionally exchange red envelopes, which typically contain money inside. In Chinese culture, red symbolizes luck and good fortune. These gifts represent wishes of good luck and prosperity in the coming year. In recent years, red envelopes have been increasingly exchanged digitally through China’s v...

  5. Feb 18, 2021 · BEIJING — The consumer spending during the Chinese Lunar New Year holiday surged noticeably, according to the latest statistics from the Ministry of Commerce (MOC). The combined sales of retail and catering enterprises in China rose 28.7 percent year-on-year to 821 billion yuan (about $127.5 billion) during the Spring Festival golden week ...

  6. Feb 18, 2021 · Consumption for the holiday in 2021 saw a 28.7 per cent increase from 2020, which meant last year’s spending stood at about 638 billion yuan. Security guards patrol in a shopping district...

  7. Tourism spending in China during the Lunar New Year break jumped above pre-Covid levels, official data shows. Domestic tourism spending hit 632.7 billion yuan (£69.7bn), about 47% more...