MOFCOM said at mid-holiday that China’s consumer market remained stable and
orderly in the first half of the National Day holiday; essential goods were well
supplies and prices stable. MOFCOM commercial data showed that in the first
three days footfall and turnover across 78 monitored shopping districts rose
3.4% and 5.3% YoY. Trade-in promotions generated CNY19.63 bln in sales and
served 3.483 mln people: auto trade-ins totaled 46,000 units, supporting CNY7.45
bln in new-car sales; appliance trade-ins reached 1.511 mln units, driving
CNY6.5 bln in sales; digital and smart-product purchases numbered 1.709 mln
units, producing CNY4.9 bln in sales.
