Insight Report 7 minutes PremiumChina’s National Day Wrap-Up: Golden Week Brings Spending Boom Coresight Research October 14, 2019 Executive SummarySales of retail goods and dining in China during the week-long National Day holidays on October 1-7, 2019 saw stronger growth than last year, injecting positive momentum in a slowing economy. Overall revenue from retail and dining in China reached ¥1.5 trillion ($212.6 billion), up 8.5% year over year, according to the China’s Ministry of Commerce. Retail, catering and travel are the three driving forces that lifted domestic demand during the holidays. Movie theater box offices also saw robust growth, owing to movies paying tribute to China’s 70th anniversary of foundation. To encourage spending, some Chinese cities extended retail hours, encouraging businesses to operate during the night (often defined as the period between 6pm and 6am). This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: New-Year Thoughts4Q23 US Earnings Season Wrap-Up: Many Companies Report Better Performances Following the Holiday SeasonRetail-Related Activities Stutter: China Consumer TrackerData Dive: The Grocery-Store Categories Where US Shoppers Are Cutting Purchases the Most