Consumer Discretionary, Industrials, Technology Feb 10, 2022 03:20 PM (GMT+8) · EqualOcean
Gao Feng, a spokesman for the Ministry of Commerce, said that during the Spring Festival this year, China's consumer market operated smoothly and improved its quality. First, the sales of quality goods are booming. Smart goods, flowers, green plants, organic food and other health and quality upgrading goods have become the first choice for new year goods. Second, catering consumption has gradually warmed up. The sales volume of prefabricated vegetables on some take out platforms increased by more than three times year-on-year, and the catering transaction volume on some large e-commerce platforms increased by nearly 10% year-on-year. Third, ice and snow consumption is heating up rapidly. The Beijing Winter Olympics has stimulated an upsurge of ice and snow consumption. The passenger flow of ice rinks, snow rinks and ice and snow theme parks has increased significantly. Indoor ice hockey, skating, skiing and other sports are booming, and small-scale activities such as ice climbing and drifting in the snow are gradually rising. Fourth, leisure consumption is deeply favored. During the Spring Festival, suburban tours, inner city tours, folk customs and exhibitions have become consumption hotspots.
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