East China’s Jiangsu province reported 3.172 trillion yuan of retails sales in the first three quarters of this year, up 19.5% year on year, latest statistics show.
Suzhou's retail sales in the first nine months outpaced all the other prefecture-level cities in the province with its year-on-year growth rate 1.7 percentage points higher than the provincial average.
Suzhou made a bold attempt this year to launch shopping festivals in Shanghai for the first time, breaking the traditional promotion model of serving local residents and expanding the consumption radius in the space of integrated development in the Yangtze River Delta region.
Wang Hui, General Manager of China Region, Chaimi Technology (Suzhou) Co., Ltd.
Participating in the shopping festival is helpful for us to enhance our brand and reputation, and it is also very helpful for our products to go overseas.
Zhang Hao, Deputy Director of Suzhou Municipal Bureau of Commerce
The government is responsible for setting up the platform, and enterprises occupy a central position to ensure that the people are the beneficiaries. In December, we will launch the second Double Twelve Shopping Festival to help companies, promote national and even global sales.
Since the beginning of this year, 100 thousand companies have joined in 528 sales promotion events across the province.
190-million-yuan worth of sales vouchers were dispensed to the people during the National Day holiday.
In the first three quarters of this year, the province reported a relatively rapid growth in online retail sales by reporting online retail sales of 760.51 billion yuan, a year-on-year increase of 10.9%.
The catering industry in Jiangsu reported 5.54 billion yuan in online sales revenue, a year-on-year increase of 173.5%, reflecting the continuous increase in demand for “contactless consumption”.
