New features changing holiday spending habits
By Li Jiabao | China Daily | Updated: 2014-02-08 07:23
High-end gifts, pricey eateries fall from favor; cinemas see 98% rise in patrons
China's spending during the traditional Spring Festival maintained double-digit growth this year but the pace marked the slowest in more than a decade, according to the Ministry of Commerce.
The central government's promotion of frugal dining and restrictions on public spending on high-end gifts and restaurants were mainly to blame. However, a new emphasis on cultural, recreational and tourism spending will continue to set the country's purchasing trends in the near future, a senior commerce expert said.
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