Business Intelligence on Retailing, Franchising, and Consumerism in China

Chinese Restaurant Sales Rise In August

According to the Ministry of Commerce's Department of Information Technology, for the month of August, the retail sales volume of the accommodation and catering sector rose 19.1% to RMB98.53 billion, with a growth rate 2.3% higher than the same period last year.

For the first 8 months this year, the retail sales volume of the accommodation and catering sector totaled RMB77.22 billion, up 18.1% year-on-year. The accommodation and catering sector accounted for 13.8% of the total consumer goods retail sales, contributing to 2.4% of its growth.

From January to August, there were 574 new foreign-invested enterprises within the accommodation and catering sector, 17.2% lower than the same period last year. In terms of industry norm, the sales volume of above-norm enterprises rose 18.5% to RMB23.03 billion, accounting for 29.8% of the sales volume of the whole industry and with a growth rate 0.4% higher than industry average.

The below-norm enterprises sales volume rose 17.9% to RMB54.18 billion, accounting for 70.2% of the industry total.

Be the first to comment on "Chinese Restaurant Sales Rise In August"

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Your email address will not be published.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