Consumption growthĬonsumer spending during the Chinese Lunar New Year holiday surged noticeably, according to the latest statistics from the Ministry of Commerce (MoC). To make up for the loss of gatherings and parties, many chose to send gift parcels or make purchases online for their families and friends far away, pushing up logistics demand. On the first two days of the holiday, which started on February 11, express delivery firms handled some 130 million parcels, up by 223% yearly, according to the State Post Bureau.įollowing the recent resurgence of sporadic Covid-19 cases, the country has encouraged people to stay put over the holiday to minimize the risk of infections during the travel rush. The Chinese courier sector delivered 365 million parcels in the first five days of the week-long Spring Festival holiday, up by 224% over the same period last year.
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