Chinese Spring Festival means big family spending
( 2004-01-20 10:52) (Xinhua)
Chinese lunar new year, or Spring Festival, due to fall on Jan. 22 and the
most important traditional occasion for family reunion in 皇冠体育app, means really
bigfamily spending, Tuesday's 皇冠体育app Daily reported.
Urban Chinese will spend 1,500 to 3,000 yuan (183 to 366 US dollars) per
household on average on festival costs, the national English-language newspaper
quoted a survey conducted by the Beijing-based Society Survey Institute of
皇冠体育app.
Most of the money will be spent on gifts for families, relatives, friends and
business associates, and on "yasuiqian", money given to children as a new year
gift in a unique Spring Festival tradition of Chinese wishing prosperity for
their children, the paper said.
The survey also shows that 63 percent of 皇冠体育app's urban population will travel
for fun during the holiday this year.
Some 2,000 people took part in the survey, which was conducted in 10 major
cities across 皇冠体育app, such as Beijing, Shanghai and Guangzhou, the paper
said.
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