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
Lockheed Martin, Roketsan collaborate on F-35 cruise missile Lockheed Martin, Roketsan collaborate on F-35 cruise missile
2
GenDyn UK picks Lockheed Martin for vehicle turrets GenDyn UK picks Lockheed Martin for vehicle turrets
3
Thailand orders more aircraft from Airbus Helicopters Thailand orders more aircraft from Airbus Helicopters
4
Sandia National Labs develops zoom military rifle scope Sandia National Labs develops zoom military rifle scope
5
Continental Resources declares win in Oklahoma basin Continental Resources declares win in Oklahoma basin
Trending News
Around the Web
x
Feedback