Skip to content
Subscriber Only

Here's What the Chinese Spent $146 Billion on Over New Year

  • Retail sales increased to 926 billion yuan during holiday
  • Trump character cameo in hit movie adds to ticket surge
Bloomberg business news

Goodbye Rooster, Hello Dog

China’s traditional Spring Festival splurge continued into the Year of the Dog, with high-tech consumer goods playing a stronger role alongside festive favorites such as movie-going and eating out.

Sales at restaurants and shopping malls jumped 10.2 percent to about 926 billion yuan ($146 billion) during the Chinese New Year holiday from Feb. 15 to 21, compared with last year’s Spring Festival week, according to the Ministry of Commerce. Consumer durables such as floor-sweeping robots were particularly popular shopping items.