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Golden Week shines for shops

(China Daily)

09:02, October 18, 2011

Thousands of customers shopping at a newly-opened supermarket in Qingdao, in East China's Shandong province, on Oct 2, the second day of the week-long National Day Holiday. Zang Lei / For China Daily

BEIJING - The country's week-long National Day Holiday running from Oct 1 to Oct 7, dubbed the "Golden Week" for businesses, saw a record-breaking 696.2 billion yuan ($109.4 billion) in sales for retail and catering industries, up 17.5 percent year-on-year, figures from the Ministry of Commerce showed.

The holiday also set another record of more than 300 million Chinese residents traveling within the country and abroad.

According to tourism administrative authorities, 119 tourist spots monitored by the Ministry of Commerce nationwide received more than 24.33 million visitors, a year-on-year increase of 8.8 percent, with tourism revenues rising 10.6 percent year-on-year to about 1.24 billion yuan.

"The tourist boom represented a robust consumption demand in the domestic market - despite inflationary pressure - and also represented optimism and confidence in the economic outlook of the world's second largest economy," said Liang Da, an economist with the National Bureau of Statistics (NBS).

Chinese tourists also brought a boon to foreign countries.

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