China's online transactions rise during Spring Festival holiday
Release time：2024-05-21 22:11:45 Source：Global Gist news portal
-
(Xinhua) 09:07, February 19, 2024
BEIJING, Feb. 18 (Xinhua) -- China's online transactions saw a robust increase in both volume and value during the just-concluded Spring Festival holiday, data from Chinese online payment clearing house NetsUnion Clearing Corporation, and card payment giant China UnionPay showed on Sunday.
The two platforms handled an average of 2.63 billion online transactions each day from Feb. 9 to 17, up 18.6 percent from the previous Spring Festival holiday season.
The daily average transaction value involved increased 8 percent from the previous holiday period to hit 1.25 trillion yuan (about 176 billion U.S. dollars).
Driven by the holiday consumption boom, online payment rose significantly in sectors including catering, accommodation, tourism, retail, and entertainment, the data revealed.
The Chinese Lunar New Year, or the Spring Festival, is China's most important festival, falling on Feb. 10 this year. It is usually a period for vibrant consumption activities as people return home for family reunions or travel to popular tourist destinations to celebrate the holiday.
- Previous：Minnesota Equal Rights Amendment fails in acrimonious end to legislative session
- Next：Rays opening
Related articles
- Tourism boosts China's social, economic development
- Retired Principal Promotes 'Red Spirit' via Reading
- Rural Veterinarian Maintains Dual Role as Vet and Internet Celebrity in NW China's Ningxia
- Rural Entrepreneur Helps Farmers Attain Wealth by Raising Cattle
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- China's twin sisters win artistic swimming duet title at Hangzhou Asiad
- Raphinha brace inspires Barca comeback win at PSG
- Profile: Tea Master Shares Family Secret for Common Prosperity
- National Television Awards 2024 nominations: Michelle Keegan and Leo Woodall go head
- 'Mother Wu' Remains Loyal to Her Island Home
- Six killed in a 'foiled coup' in Congo, the army says
- Feature: A Tibetan Woman's Quest to Predict Quakes
- China, New Zealand pledge efforts to further strengthen relations
- My Olympic Winter Games Story: The Dream That Keeps Me Going
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Chengdu beat Zhejiang to go second in CSL
- Profile: Tea Master Shares Family Secret for Common Prosperity
- Innovating Rice Planting with Passion
- ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
- Protecting Wetlands for Human
Random recommendation
- Copyright © 2024 Powered by China's online transactions rise during Spring Festival holiday ,Global Gist news portal sitemap