Latest News:  
Beijing   Light rain    21 / 13 ℃  City Forecast

English>>China Business

Golden Harvest: The dawn of a new growth era

By Zhou Xiaoyan (Beijing Review)

08:05, October 16, 2012

HEADING OUT: Cars flood roads in Dalian, Liaoning Province on September 30, the first toll-free day for passenger vehicles with seven seats or less (LIU DEBIN)

A total of 425 million Chinese people traveled during the holiday (September 30-October 7), and per-capita travel spending was 495 yuan ($79).

October 2 was a day that Lin Chaoyue, a civil servant in Beijing, had long awaited. After having been together for seven years, he and his college sweetheart got married in his hometown of Shantou, south China's Guangdong Province. Witnessed by about 200 guests in an exquisite five-star hotel, Lin and his bride exchanged glimmering rings. During the sumptuous reception dinner, the couple made a toast to each table in glasses filled with pricey, fine wine.

"I spent 300,000 yuan ($47,700) on the wedding, including 150,000 yuan ($23,850) for catering and the wedding planning company, 50,000 yuan ($7,950) for guests' hotel rooms and plane tickets, and 100,000 yuan ($15,900) for the wedding gown and tuxedo and my wife's jewelry. The reason we chose the National Day holiday is because it's the only long vacation we have and everybody is free from work," said Lin.

Lin's spending spree didn't seem out of touch during the National Day holiday, dubbed the Golden Week (normally October 1-7). This year's holiday was one day longer, which bridged the Mid-Autumn Festival (September 30) and the Golden Week.

With countless weddings, family dinners and other rendezvous, restaurants raked in a windfall. According to the Ministry of Commerce (MOFCOM), sales revenue for the retail and catering sectors totaled 800.6 billion yuan ($127.3 billion) during the holiday, up 15 percent year on year. Sales revenue of key catering enterprises and restaurants in Shanghai, Tianjin and Qingdao in Shandong Province grew by an average of 22.1 percent.

【1】 【2】 【3】 【4】 【5】 【6】 【7】 【8】

News we recommend:
Let the train, take the strain Personal care market to keep growing An Apple a day isn't keeping critics away
Global companies expand rapidly in China Shanghai's 'other' market China's tourism industry reaps golden harvest
Commentary:Asking the right questions  More Investment, More Woes? All that glitters is gold


Leave your comment0 comments

  1. Name


Selections for you

  1. PLA photography exhibition "General's feelings"

  2. Frontier sentry post in northeast China

  3. Zero distance to North Korea's modern life

  4. Cold-resistant subway train carriage delivered to Harbin

  5. China launches Long March 2C carrier rocket

  6. Record M2 growth signals recovery

  7. Odds on, Macau's got plenty to offer

  8. Chinese basketball player poses for magazine

Most Popular


  1. Pending CNOOC-Nexen deal puts West in hotseat
  2. Editorial: Endangered green growth
  3. Nobel committee should reflect on booing sounds
  4. Commentary: The case for Huawei in US
  5. No joke, China job creator for US
  6. Commentary: Regulating shadow banking
  7. Editorial: Targeted auto support
  8. Japan should admit dispute over Diaoyu Islands
  9. Telecom firms' business mutually beneficial
  10. US never recognizes Japan's claim over Diaoyu

What's happening in China

Graduates willing to take less for first position

  1. Famous clothing brands condemned for pollution
  2. Speeding police car kills mother and boy
  3. Patriotism charter attracts 50 mln signatories
  4. 6 killed in NE China building collapse
  5. Armed drug addict shot dead, hostage saved