CHINESE GOLDEN WEEK CONSUMPTION: TRENDS & STRATEGIES

While tourism trends attract everybody’s attention, new goods consumption patterns are equally important and signal what strategies businesses can adopt to seduce holiday enjoyers all year round.

Heightened spending is a key feature of Chinese National Holidays, and National October Holidays (国庆节) are no exception. 

While tourism trends attract everybody’s attention, new goods consumption patterns are equally important and signal what strategies businesses can adopt to seduce holiday enjoyers all year round. 

Indeed, as digital transformation, changing lifestyles, and rising appetite for experiential consumption take hold, businesses must adapt and adopt unconventional strategies to remain relevant.

THE PSYCHOLOGY BEHIND OCTOBER HOLIDAYS SPENDING

Family gatherings are the heart of Golden Week holidays and drive emotional, self-care, and family-oriented spending in new directions. While luxury goods and electronics remain staples of any Chinese holiday shopping, there’s growing demand for smart-home products as well as health and wellness items. Consumers are eager to improve living environments and overall quality of life for themselves and their loved ones as they spend more quality time at home.


In parallel, goods emphasizing health and sustainability are gaining traction. Thus, consumers are increasingly opting for green and reusable products and goods advertising health benefits. Businesses that adapt to this shift by offering eco-friendly, wellness-oriented goods stand to capture a segment that values both quality of life and environmental impact. 

E-COMMERCE WITH A TWIST

Digital consumption remains the preferred avenue for Chinese consumers during the holidays, as they continue to pay less and less attention to physical stores and malls.

Driven by time constraints and the desire for a wider variety of products, the preference for online shopping is particularly stark during the October Holidays.

Beyond convenience, digitalization fuels faster purchase decisions, making using AI-driven tools that enhance shopping experience through personalized recommendations a must. This integration becomes especially valuable during national holidays; as consumers are bombarded with optionspersonalized suggestions are essential to grab their attention.

Consumer brands should also take full advantage of the rise of social commerce. In particular, platforms like Pinduoduo 拼多多 or Xiaohongshu 小红书 have successfully revolutionized how consumers shop through elevating group-buying and gamification (such as badges and achievements, loyalty programs, points and rewards, contests and competitions, etc.)  to new heights.

Interactive promotions, limited-time deals, and group discounts are the new standards. Not only do they capitalize on consumers’ taste for bargains, but also enhance engagement through social interaction. 

E-COMMERCE WITH A TWIST

Competing against online convenience means creating unforgettable experiences in-store

Flash sales, discounts, and interactive games are not just tactics; they’re emotional engagement tools that spark excitement, foster engagement, and create urgency.

As consumers are no longer buying products, but seeking emotional connections through unique experiences, trendy items, and social-media-worthy animations that have the potential to become an integral part of their holiday experience. To stand out, brands must craft an atmosphere of excitement and shareable moments that will echo on social media long after the holiday is over and cater to the consumers’ eagerness for gift purchases.


Looking to make the most of the Chinese consumer market? ASI Solutions’ Business Process Outsourcing (BPO) solutions are tailored to support your brand in navigating the complexities of entering and operating in Asia.

At ASI Solutions, we bring 15 years of expertise in guiding brands like yours through the intricacies of entering and thriving in Asia, particularly in China and Vietnam. 

Our Business Process Outsourcing (BPO) solutions streamline your operations by providing essential support—from legal compliance and supply chain management to back-office solutions and third-party supplier coordination—allowing you to focus on what truly matters: your growth and brand identity. 

With our transparent and flexible solutions, you can kickstart your Asian journey confidently and efficiently, ensuring you’re fully equipped to seize the moment this Golden Week and beyond.

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SOURCES

2024国庆消费狂欢:揭秘”十一”假期的购物热潮与背后经济动因_活动_促销_商家. Sohu. (2024a, September 28). https://www.sohu.com/a/812421273_121956424

国庆假期消费升级新战略:促销活动将如何影响市场?_反应_购物_商家. Sohu. (2024b, September 26). https://www.sohu.com/a/811961057_121956424

国庆黄金周消费新趋势:助力经济复苏的亮点分析_工具_产品_商家. Sohu. (2024c, September 27). https://www.sohu.com/a/812273925_121798711