Golden Week Sales Hit US$127 Billion

Posted by david on Oct 7, 2012 in Blog | 0 comments

China’s retail sales growth slowed during the Golden Week holiday, local media said on Sunday, providing a snapshot of increasingly important sources of demand in the world’s second-largest economy.

              Overall retail sales revenue grew 15 percent to hit 800.6 billion yuan ($127.4 billion) during the National Day holiday, which coincided with the Mid-Autumn Festival to provide a rare eight-day break, China’s state television China Central Television said.

              The Golden Week holiday, when millions of people take time out to travel and spend more than usual, brings huge discounts and promotions as retailers battle for market share.

– Reuters