Shanghai hits 11B USD holiday sales

Shanghai's Commerce Committee data showed that the total consumption during the National Day holiday reached approximately $11.37 billion, a 9.9% increase compared to the previous year. Physical restaurants and retail stores experienced significant growth, with store sales totaling 40.04 billion yuan, up 15.1%, while online consumption surpassed 36.2 billion yuan, an increase of 4.7%. Consumption vouchers and tax initiatives helped boost commercial activity, with sales revenue in key areas rising by 14.5% and daily visitor numbers increasing by 1.9%. Additionally, tax refund claims at departure saw notable increases of 47% and 110%, respectively, with 2,748 stores participating in providing refund services.

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