Key consumption figures of Chinese New Year in China 2019

Published by Agne Blazyte, Jan 27, 2022
Lunar New Year is a huge festival in China comparable to the importance of Christmas in the West. In 2019, the domestic tourism industry generated over 510 billion yuan during the Spring Festival travel season in the country. Retail and film industries also benefited from the spending spree.

Market revenues generated during Spring Festival in China in 2019, by industry (in billion yuan)

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Release date

February 2019

Region

China

Survey time period

February 4 to 14, 2019*

Supplementary notes

*Spring Festival holiday refers to the period between Chinese New Year Eve and the sixth day after the New Year of the lunar calendar. For the retail sales and domestic tourism revenues, the figures refer to the period from February 4 to 10 in 2019; for box office is between February 5 and 14, 2019.

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of March 2020).

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Lunar New Year in ChinaE-Commerce in ChinaHoliday season e-commerce in the United StatesRetail industry in ChinaCoronavirus COVID-19 in China
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