During the Qingming holiday, the Ministry of Commerce's key monitored catering enterprises reported a year-on-year sales increase of 3.9%.

People’s Finance Network, April 7—According to data from the Ministry of Commerce on business activities, during the Qingming Festival holiday, the daily sales of key retail and catering enterprises nationwide increased by 2.4% year over year. Among the 78 pedestrian streets (business districts) monitored by the Ministry of Commerce, foot traffic and turnover increased by 6.0% and 6.7%, respectively. In terms of consumer goods, as of April 5, a total of 1.53M subsidy applications had been received for the 2026 vehicle “trade-in for new” program, driving sales of new cars to 246.8 billion yuan. Sales of home appliances “trade-in for new,” as well as digital and smart “upgrade purchase” products reached 62.85M units, driving sales to 215.97 billion yuan. For key platforms, the sales of smart glasses and smart watches and wristbands increased by 3.2 times and 12.3%, respectively. For service consumption, during the Qingming Festival holiday, the sales of catering enterprises monitored by the Ministry of Commerce grew by 3.9% year over year. On key platforms, hotel accommodation consumption grew by 2.6% year over year, cross-city outbound trip person-trips grew by 15.1% year over year, theme park consumption grew by 11.7% year over year, parent-child research-and-study orders more than doubled year over year, and car rental order volume increased by about 40% year over year. (CCTV News)