LINE

Text:AAAPrint
Economy

Spending via UnionPay hits $4.8b

1
2016-02-16 10:36Shanghai Daily Editor: Huang Mingrui

Chinese consumers spent 31.2 billion yuan ($4.8 billion) via China UnionPay's network at home and overseas during the Chinese New Year holiday, up 31 percent from a year ago, with dining and shopping making up most of the expenditure.

There were 307 million transactions made from February 7 to Saturday, a rise of 15 percent, UnionPay said yesterday.

Spending at restaurants totaled over 5 billion yuan of the overall transaction value.

Expenditure on highway transport nearly doubled from a year earlier while payment at gas stations jumped 39 percent with more road trips taken.

UnionPay didn't give data for overseas markets but said transaction value fell in Hong Kong but overall spending rose.

The average daily transaction value from February 1 to 5 hit 270 million yuan, the highest in history, as consumers shopped in preparations for the holiday.

 

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.