In 2022, offline consumption in Shanghai reached 37.1 billion yuan, up 28.6% from the same period in 2019

2022-07-05 0 By

According to the Shanghai Municipal Commission of Commerce, during the Spring Festival, the “New Year’s Eve shopping season” in Shanghai has set off a consumption boom. Major commercial enterprises have launched marketing activities themed as beauty Chen, New Year gift packages, folk customs fairs, ice and snow parks, etc. During the festival, the consumer market is colorful, stable and orderly.According to the Consumer Market Big Data Lab (Shanghai) monitoring, the city spent 37.1 billion yuan on offline consumption during the seven-day Spring Festival period (Jan 30 to Feb 5), up 28.6 percent compared with the same period of the lunar calendar in 2019.Source: Flush Financial Research Center