Business Intelligence on Retailing, Franchising, and Consumerism in China

Chinese Catering Sales Continue Upsurge

China's catering section retail sales reached RMB888.68 billion in 2005, a year-on-year increase of 17.7%, or a net growth of RMB133.6 billion.

Figures published by the Ministry of Commerce showed that the industry has maintained double-digit growth for 15 consecutive years.

The increase of China's catering retail sales in 2005 over the previous year is 4.8 percentage points higher than the growth in China's retail sales of consumer goods, said the ministry.

Statistics also show that retail sales from catering accounted for 13.2% of the country's total retail sales of consumer goods last year.

Sources with the ministry said China's catering section achieved RMB48.878 billion in taxes in 2005, a year-on-year increase of 17.8%.

In 2005, the number of newly approved foreign-funded catering projects dropped 1.23% year-on-year to 894, with the contractual use of foreign funds totaling US$1.041 billion, up 6.71%.

Be the first to comment on "Chinese Catering Sales Continue Upsurge"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco