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Chinese New Year includes sales bump

Published By United Press International
BEIJING, Feb. 18 (UPI) -- Retail and restaurant sales in China rose 14.7 percent during the 2013 Lunar New Year Festival compared to the previous year, the Ministry of Commerce said.

Stores and restaurants earned $85.5 billion in the week, the ministry said.

Food sales rose 9..8 percent, while jewelry sales rose 38.1 percent. Clothing sales rose 6.3 percent, China's official Xinhua news agency reported Saturday.

Due to a national campaign to encourage thrift, sales at luxury restaurants was down. Sales at top-end restaurants in the well-off Zhenjiang Province were down 20 percent, the ministry said.
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Race winner Bradley Wiggins of Great Britain (C) stands between second place finisher Christopher Froome of Great Britain (L) and third place finisher Vincenzo Nibali of Italy on the presentation podium following the final stage of the Tour de France in Paris on July 22, 2012. Wiggins of Great Britain became that country's first ever overall winner of the Tour de France. UPI/David Silpa