The commerce ministry's early National Day tally showed revenue at 78 major shopping streets up 5.3 percent and foot traffic up 3.4 percent from 1 to 3 October. Trade-in subsidies generated 19.63 billion yuan in sales.
Retail spending on China's main shopping streets held up in the first three days of the National Day holiday, according to early commerce-ministry figures reported by Retail Asia. From 1 to 3 October, revenue at 78 monitored streets and commercial districts rose 5.3 percent from a year earlier. Foot traffic rose 3.4 percent.
The state trade-in programme generated 19.63 billion yuan, about 2.91 billion dollars, in sales over those three days, reaching 3.48 million consumers. It covered about 46,000 vehicles and 7.45 billion yuan in new-car sales, 1.51 million home appliances worth 6.5 billion yuan, and 1.71 million digital and smart devices worth 4.9 billion yuan.
Authorities had projected 2.13 billion cross-regional passenger trips over the seven-day holiday, about 300 million a day. Railway passenger trips hit a record 25.2 million on 1 October. Extra trains were added and highway tolls were waived for private cars.
The figures cover the opening days of the holiday that began on 1 October, not the full week. They come from the ministry's monitored streets, not a national retail census.
No full-holiday revision had been published in the Retail Asia account. The next official check is the complete holiday spending tally after the travel period ends.