Official data shows Chinese consumption continues to recover on holiday boost. From January to February, retail sales of services increased by 12.3% year-on-year.
During the Spring Festival holiday, the number of commercial performances and box office revenue across the country increased by 52.1% and 80.1%. Online retail sales increased by 14.4% in the first two months of this year, 6 percentage points faster than the previous year. However, the foundation for restoring and expanding consumption still needs to be consolidated.