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Consumption in Ningbo recovers during Spring Festival

chinadaily.com.cn| Updated:  February 8, 2022 L M S

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An aerial view of a ski resort in Ningbo, East China's Zhejiang province during the Spring Festival holiday. [Photo/WeChat account: nbfb0574]

The sales volume of 50 monitored businesses, including shopping malls, supermarkets, hotels, and restaurants, in Ningbo hit 1.012 billion yuan ($155.7 million) during the seven-day Spring Festival holiday, which ended on Feb 6, official statistic show.

The figure represents a 2.2 percent decrease on a yearly basis and an uptick of 29.5 percent on a two-year average basis, according to the Ningbo Municipal Bureau of Commerce.

Non-local employees who spent the holiday at the Ningbo greatly bolstered the city's consumption recovery, a local official noted.

The wholesale price of pork in the city shrank by 47.2 percent year-on-year, leading to a 58.2- percent increase in wholesale volume over the same period in the previous year. 

The upgrade of consumption has also become more obvious. During the seven-day holiday, Ningbo achieved sales of electronic products worth 170 million yuan, up 10.9 percent on a yearly basis and 52.5 percent on a two-year average basis.

New consumption patterns including travels to hot spring resorts were hugely popular during the Spring Festival holiday.

Online ordering of takeaway for dinner on New Year's Eve turned out to be a new trend. 

According to food delivery platform Eleme, the number of online searches for "New Year's Eve dinner" in Ningbo's Haishu District increased four times compared with the previous year.

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Moviegoers in Ningbo, East China's Zhejiang province during the Spring Festival holiday. [Photo/WeChat account: nbfb0574]

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