Some 300 billion yuan spent on retail consumptions during "Golden Week"

China's retail consumption amounts to about 300 billion yuan (or 37.5 billion US dollars) during the country's National Day holiday week from Oct. 1 to 7, up 14.5 percent year-on-year, according to monitoring and surveys of the Ministry of Commerce.

A leading official of the Ministry's market operation department acknowledges the National Day market has the following salient features.

There are diversified varieties of commodities on the market with apparent upgraded consumption structures. Mobile phones, liquid crystal display (LCD) TV sets, and digital electronic products became popular with clients, and particularly smart mobile phones, digital cameras, and MP4 to the taste of young consumers.

Cultural recreation has been preferred with growing crowds of readers at bookstores, libraries and science and technology halls.

Farmers in the near suburban districts and outlying scenic areas have benefited as many urbanites apt to enjoy local customs and an idyllic life by eating delicious country food, living in their cottages and viewing natural scenes during the week-long holiday.

There is an abundance of living necessities in supply with stable prices on the whole.

An embodied conservation of resources poses another feature.

Moreover, пїЅпїЅMoon CakesпїЅпїЅ with extravagant packages basically disappeared and there was hardly any trace of Moon Cakes with sky-rocketing prices, thanks to the imposition of state standards on Moon Cakes.

By People's Daily Online