On New Year's day in 1990, the total sales volume of social goods in China increased by 1.3% over the same period of last year. The sales volume of color TV sets increased, the clothing was basically flat, and the products such as tape recorders and refrigerators decreased in varying degrees. We should take into account the fact that the Spring Festival in 1989 was in February, while the Spring Festival and new year's day in 1990 were in January. We know that the Spring Festival is the most valued Festival by the Chinese people, It is also the peak of consumption in a year.
By the end of January 1990, China's weak market situation has taken an obvious turn for the better.