China is celebrating the 75th anniversary of the founding of the People's Republic, marking October 1 as National Day. The holiday saw a vibrant and energetic consumer market, reflecting a joyful atmosphere across the country. 🌟🎈
A series of macroeconomic policies implemented ahead of the holiday have invigorated the consumer market. Key measures include lowering mortgage rates on existing homes, reducing the reserve requirement ratio, and introducing new tools to support the stock market's stable development. These initiatives have significantly boosted consumer confidence. 📈🏠
For the first time, the central government has focused on stabilizing and recovering the real estate market, emphasizing the value of household fixed assets. This strategy has further enhanced consumer sentiment and spending power. 🏡💪
The \"old-for-new\" consumer goods policy continues to gain momentum, driving increased sales of home appliances. During the National Day holiday, JD.com reported a 67% year-on-year increase in home appliance sales. Meanwhile, Suning saw nationwide store traffic rise by over 200%, with orders for the old-for-new program increasing by 132% compared to the previous year. 🛒🔄
The National Day holiday also remains a peak travel season. Preliminary statistics from the Ministry of Transport indicate that from October 1 to 7, the total number of inter-regional trips is expected to reach approximately 2 billion, with a daily average year-on-year increase of 4.1%. 🚗✈️
