Sales soar during Chinese New Year

03/2/2010 |

China's retail sales reached CNY340 billion during the "golden week" of Spring Festival 2010. That's a 17.2% increase over the same period last year, according to statistics from China's Ministry of Commerce. Sales of food by China's major retailers grew 16.5% year on year, and sales of liquor and tobacco were up 13.2% during the Chinese New Year holiday.

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