Commercial, financial measures spur consumption

During the May Day holiday, various major commercial complexes, districts, supermarkets, payment institutions and banks in Guiyang launched promotional events, offering a variety of discounts that enhanced shopping experience and met the diverse needs of consumers.

On May 5, Guiyang's Hunter City Plaza in Yunyan district was bustling with activity. Its department stores, cosmetics areas, and trendy sports areas all promoted various discounts. The plaza placed great emphasis on the five-day break, with the discounts introduced surpassing those of the same period last year, leading to sales performances exceeding expectations.

Major car dealerships and home appliance stores also seized the holiday business opportunities. A resident surnamed Zhang said, "I've had my eye on a car for a while. With the significant discounts during the May Day holiday, buying a car now is about 10,000 yuan ($1,410) cheaper than before, and the dealer also provides many gifts, making it a great deal."

Alipay held a spring consumption festival from April 25 to May 5, allowing consumers to scan the red envelope code before making a payment to receive up to 888 yuan in online red envelopes. Offline businesses only needed to apply to participate in this activity.

Moreover, the four major State-owned banks, as well as local financial institutions, increased their consumer loan offerings during the May Day period. They also strengthened financial support for consumers regarding shopping, dining, travel, smart home appliances, and other consumption scenarios.

The Guiyang bureau of commerce stated that during this holiday, businesses offered discounts and promotions, while payment institutions and financial institutions cooperated closely to stimulate the market's consumption potential.