facebook
twitter
search
search

Chinese New Year includes sales bump

Feb. 18, 2013 at 5:00 AM

BEIJING, Feb. 18 (UPI) -- Retail and restaurant sales in China rose 14.7 percent during the 2013 Lunar New Year Festival compared to the previous year, the Ministry of Commerce said.

Stores and restaurants earned $85.5 billion in the week, the ministry said.

Food sales rose 9..8 percent, while jewelry sales rose 38.1 percent. Clothing sales rose 6.3 percent, China's official Xinhua news agency reported Saturday.

Due to a national campaign to encourage thrift, sales at luxury restaurants was down. Sales at top-end restaurants in the well-off Zhenjiang Province were down 20 percent, the ministry said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Momentum builds behind giant Norwegian oil field
Hess completes Bakken joint venture
BP to settle with U.S. coastal states
New oil expected offshore New Zealand
California driving global low-carbon effort