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)
*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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iiMedia Research. (February 19, 2019). Market revenues generated during Spring Festival in China in 2019, by industry (in billion yuan) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1103461/china-key-consumption-figures-lunar-new-year/
iiMedia Research. "Market revenues generated during Spring Festival in China in 2019, by industry (in billion yuan)." Chart. February 19, 2019. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1103461/china-key-consumption-figures-lunar-new-year/
iiMedia Research. (2019). Market revenues generated during Spring Festival in China in 2019, by industry (in billion yuan). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1103461/china-key-consumption-figures-lunar-new-year/
iiMedia Research. "Market Revenues Generated during Spring Festival in China in 2019, by Industry (in Billion Yuan)." Statista, Statista Inc., 19 Feb 2019, https://www.statista.com/statistics/1103461/china-key-consumption-figures-lunar-new-year/
iiMedia Research, Market revenues generated during Spring Festival in China in 2019, by industry (in billion yuan) Statista, https://www.statista.com/statistics/1103461/china-key-consumption-figures-lunar-new-year/ (last visited December 19, 2024)
Market revenues generated during Spring Festival in China in 2019, by industry (in billion yuan) [Graph], iiMedia Research, February 19, 2019. [Online]. Available: https://www.statista.com/statistics/1103461/china-key-consumption-figures-lunar-new-year/
