China Spring Festival Holiday Retail Sales Spike 11.2%

  • Retail, restaurant receipts hit 754 billion yuan in seven days
  • Box office sales up 80% in first three days of Lunar New Year

China’s retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box-office sales, the country’s Ministry of Commerce said in a statement Saturday.

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