Chinese consumer market surging in the Spring Festival of the Year of the Snake, injecting stronger momentum into global economic growth

CCTV.com2025-05-01

CCTV News: Recently, many financial institutions around the world have released the 2025 economic outlook report, which believes that China's high-quality development is gradually showing results, and the proportion of consumption and service industries is expected to further increase. During the just-passed Spring Festival holiday, the average daily sales revenue of China's consumption-related industries increased by 10.8% year-on-year, of which commodity consumption and service consumption increased by 9.9% and 12.3% year-on-year respectively, and the overall cross-border travel orders increased by 30% year-on-year. Citigroup pointed out in a report that "China's Year of the Snake has started well." In this regard, Foreign Ministry spokesman Guo Jiakun said at a regular press conference on February 13 that China will inject stronger confidence and impetus into global economic growth with its high-quality development and high-level opening up.

Foreign Ministry spokesman Guo Jiakun said that the Chinese consumer market is surging during the Spring Festival of the Year of the Snake: national trend culture, intangible cultural heritage experience, ice and snow economy, consumer goods trade-in, etc. are unprecedentedly popular, and digital transformation and technology empowerment have given birth to new consumer formats. China's consumer market is undergoing a transformation from "quantity" to "quality"; foreign New Year's goods are both booming, and Chinese and foreign tourists are "going in both directions". China's super-large-scale consumer market provides huge cooperation opportunities for countries. The booming and prosperous Chinese consumer market reflects not only the recovery of demand, but also the increase in confidence in China's economic development, reflecting the continuous optimization of China's economic structure, significant enhancement of endogenous driving force, and continuous increase in development resilience. With the implementation and effectiveness of a package of incremental policies, China will inject stronger confidence and impetus into global economic growth with its high-quality development and high-level opening up.

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