Beijing believe Chinese consumption will show steady growth in Q1 after strong sales during the Spring Festival, according to He Yadong, spokesperson for the Ministry of Commerce on Thursday.

At a press conference, He highlighted Spring Festival passenger flows on major pedestrian streets increased by 32.9% y/y, while cinema tickets set a new record raising CNY8.01 billion yuan.

Advisors recently told MNI authorities should support bulk consumption, such as new energy vehicles and electronic products to support growth targets this year. (See: MNI: High Local Targets Hint At Further China Gov. Leverage)