facebook
twitter
rss
account
search
search
 

Chinese New Year includes sales bump

Feb. 18, 2013 at 5:00 AM   |   Comments

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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
New Navy sub ready for outfitting, testing New Navy sub ready for outfitting, testing
2
New F-35 sustainment system undergoing flight testing New F-35 sustainment system undergoing flight testing
3
Apple to authorities: No iPhone user data, even with a warrant Apple to authorities: No iPhone user data, even with a warrant
4
Scrap South Stream, Europe says Scrap South Stream, Europe says
5
Home Depot says 56M credit, debit cards compromised Home Depot says 56M credit, debit cards compromised
Trending News
Video
x
Feedback