Date
23 October 2017

Holiday supply abundant, prices stable, govt says

China’s consumer markets saw an abundant supply of products during the first four days of the Lunar New Year holiday, with prices generally stable, the Ministry of Commerce said on its website Tuesday. Retail markets in Chengdu posted 13 percent sales growth during the period compared with the previous year while 120 major commercial service companies in Beijing saw a 9.2 percent increase in sales in the three days to Feb. 2 from a year earlier. However, sales of high-end gifts and luxury catering fell sharply, the ministry said. Pork prices in 36 major cities were up 0.6 percent on Feb. 3 from Jan. 30, the Lunar New Year Eve. Beef prices rose 0.2 percent and average wholesale prices of 18 vegetables were up 0.1 percent.

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TL/AC/RA

 

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