The value-added tax invoice data released by the State Administration of Taxation shows that during the Spring Festival holiday in 2023, the sales revenue of consumption-related industries across the country will increase by 12.2% compared with the Spring Festival holiday of the previous year, and an average annual increase of 12.4% over the Spring Festival holiday in 2019, maintaining a steady growth overall.

Among them, the consumption of household upgrade products grew rapidly, and the sales revenue of furniture and hardware increased by 15.2% and 8.6% year-on-year respectively, which was an average annual increase of 9.9% and 19.4% respectively compared with the Spring Festival holiday in 2019.