Group 1 - The consumption market is maintaining steady growth due to the effective implementation of the old-for-new policy and organized promotional activities [1] - In April, the total retail sales of consumer goods reached 3.72 trillion yuan, representing a year-on-year growth of 5.1% [1] - From January to April, the total retail sales of consumer goods amounted to 16.18 trillion yuan, with a year-on-year increase of 4.7% [1]

Core Insights - In April, the retail sales of consumer goods increased by 5.1% year-on-year, with the growth rate accelerating by 0.5 percentage points compared to the first quarter [1] - Retail sales of units above the designated size grew by 6.6%, with an acceleration of 0.8 percentage points from the first quarter [1] Group 1: Policy Impact - The "old-for-new" consumption policy has shown significant effectiveness, contributing to the stable growth of the consumption market [1] - Retail sales of home appliances, cultural and office supplies, furniture, and communication equipment for units above the designated size increased by 38.8%, 33.5%, 26.9%, and 19.9% year-on-year, respectively [1] Group 2: Automotive Sector - According to the Automotive Circulation Association, the retail volume of passenger cars in April increased by 14.5% year-on-year [1] Group 3: Upgraded Goods - Retail sales of upgraded goods such as gold, silver, and jewelry, as well as cosmetics for units above the designated size, increased by 25.3% and 7.2% year-on-year, respectively [1]

Core Insights - The consumption market in China during the 2025 "May Day" holiday was vibrant, with significant growth in automotive, home appliances, and mobile phone sales, alongside strong demand in the restaurant and tourism sectors [1][12]. Consumption Trends - Foot traffic in 50 monitored pedestrian streets and shopping districts increased by 6.4% year-on-year, while shopping centers in 36 major cities saw a 6.5% rise in foot traffic [4]. - The overall sales revenue in consumption-related industries grew by 15.2% year-on-year during the holiday, indicating robust consumer demand [15]. Promotional Activities - The Ministry of Commerce organized various promotional events, including the 2025 International Consumption Season and the 6th "May 5 Shopping Festival," to stimulate consumption [5]. Trade-in Programs - From the beginning of 2025 to May 5, over 3.01 million applications for automotive trade-in subsidies were submitted, with 56.02 million units of 12 categories of home appliances and 4.219 million mobile devices purchased under trade-in programs [7][10]. Travel and Hospitality - Domestic tourism saw 314 million trips during the holiday, a 6.4% increase year-on-year, with total spending reaching approximately 180.27 billion yuan, up 8.0% [12]. - The accommodation sector experienced a revenue increase of about 13% compared to the previous year [12]. E-commerce Growth - Online retail sales of physical goods grew by 8.2%, with notable increases in digital and green products, including a 24.1% rise in smart home product sales [14]. - Online and offline retail sales increased by 34.7% and 34.5%, respectively, reflecting a simultaneous rise in consumer engagement across channels [20]. Payment Transactions - During the holiday, UnionPay and Internet payment platforms processed 23.439 billion transactions worth 7.64 trillion yuan, marking increases of 20.49% and 3.21% year-on-year [21]. - Transactions involving foreign visitors to China saw substantial growth, with transaction counts and amounts increasing by 244.86% and 128.04%, respectively [24].

Group 1 - Dalian achieved a retail sales total of 609.7 billion yuan in Q1, marking a 9% year-on-year growth, the highest quarterly growth since 2022, surpassing national and provincial levels, ranking first among 15 sub-provincial cities [1] - In March, Dalian's retail sales reached 104.9 billion yuan, marking the first time monthly sales exceeded 100 billion yuan [1] - The city organized nearly 400 promotional activities around festivals, enhancing consumer engagement through live performances, park events, and street parades [1] Group 2 - The "old-for-new" consumption policy has been implemented, with sales reaching 65.87 billion yuan by March 31, focusing on automobiles, home appliances, and other consumer goods [2] - Online retail sales in Dalian reached 68.55 billion yuan in Q1, a 192.1% year-on-year increase, driven by the introduction of major e-commerce platforms like Douyin [2]