China’s Spring Festival spending rose 13.7% year-on-year in 2026, driven by trade-in programs and receipt lotteries, according to VAT data. Home appliance sales grew 19%, while tourism-related revenue surged 39.6%, with snow-themed travel in Northeast China up 62.4%. Dining revenue increased 31.2%, fueled by family gatherings and local specialties. Officials attribute the robust consumption to extended holidays and policy incentives, laying groundwork for steady economic growth. (Photo/VCG)
#SpringFestival #Consumption #ChinaEconomy #TaxData
By Wang Yu,Li Yue,Wu Hang(intern),Jia Jiye/ China Youth Daily
责任编辑：叶雨婷
