Trade: Pawnshops see booming business
(Xinhua)
Updated: 2006-10-08 16:28
China's pawnbrokers were doing booming business around the National Day
holidays, as both tourists and street hawkers put up their personal belongings
to get extra cash to travel or cash in on tourism.
During the week-long National Day holiday, a manager of a pawnshop in this
capital city of east China's Jiangsu Province said his business is up 30 percent
to 40 percent.
The pawnbroker said some small business people are
pawning private items to raise capital to buy wholesale souvenirs that they sell
to tourists. Meanwhile, some tourists use pawnshops as a kind of safety deposit
box where they pawn precious items before traveling and then buy them back on
their return, said the manager who declined to be named.
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