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Shanghai sees consumption boom during Qingming holiday

Abstract : The eastern Chinese city of Shanghai saw a consumption boom during the Tomb-sweeping Day holiday, according to local authorities.

SHANGHAI, April 6 (Xinhua) — The eastern Chinese city of Shanghai
saw a consumption boom during the Tomb-sweeping Day holiday, according
to local authorities.

During the three-day holiday that concluded on Monday, 140 of the
city’s major retailers and catering businesses saw a sales volume of
1.24 billion yuan (about 189 million U.S. dollars), up 55.2 percent over
the same period last year, showed data released by the municipal
commission of commerce.

Sales of the catering industry and the accommodation sector in
Shanghai rose by 54.7 percent and 97.5 percent, respectively, compared
to the same period last year.

Tourists visiting Shanghai contributed 2.96 billion yuan to the
city’s holiday consumption, an increase of 1.05 times compared with
2020, according to the data.

Tomb-sweeping Day, also known as Qingming Festival, was observed on
April 4 this year. It is a traditional Chinese holiday for people to pay
tribute to the dead and worship ancestors. Enditem

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Source: Shanghai sees consumption boom during Qingming holiday

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