China's Leap | ​China's May Day Holiday Consumption Surges 14.3% Year-on-Year, Tax Data Shows

China's consumption boomed during the May Day holiday, with sales revenue in consumer-related sectors rising 14.3% year-on-year, according to VAT data from the State Taxation Administration. Tourism and entertainment revenue grew 21.2%, cultural and sports services jumped over 42%, and catering sales increased 31.4%. Health-related services rose 40.1%, while sales of cosmetics, gold and jewelry surged over 55%. The figures highlight strong consumer vitality and service upgrades driving high-quality economic growth.

By Li Yuanyuan, Zhang Lingxi(intern), Zhang Junbin/China Youth Daily