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China Daily / 2020-10 / 05 / Page001

Consumer spending up during national holiday

By ZHU WENQIAN | China Daily | Updated: 2020-10-05 00:00

Chinese consumers appear to be spending more money during the National Day holiday than last year.

On the first two days of the eight-day holiday, Chinese consumers spent 628 billion yuan ($92.6 billion) by UnionPay card, up 11.8 percent year-on-year, according to UnionPay.

On National Day, Oct 1, which overlapped with the Mid-Autumn Festival this year, transaction volume recorded by UnionPay reached 330 billion yuan, up 15.5 percent on a yearly basis, it found.

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