Report
China’s service industry sales rose 19.5% during National Day holiday
Caixin Global reports tourism and entertainment sales rose 23.6%, as holiday travelers headed to smaller cities.
TLDR
Caixin Global reports that tax data showed China’s service industry sales rose 19.5% during the National Day holiday. Tourism and entertainment sales rose 23.6%, with travelers heading to smaller cities. Caixin also says trade-in subsidies lifted spending on goods.
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