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)

MNI BRIEF: Consumption To Grow Steadily After Spring Festival

Last updated at:Feb-22 10:18By: Lewis Porylo
China

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)