App

China's catering sector posts revenue growth in January-October period
Updated: November 16, 2024 21:23 Xinhua

BEIJING, Nov. 16 -- China's catering sector reported steady growth in October as pro-growth policies have boosted consumer spending, official data shows.

The sector raked in 495.2 billion yuan (about 68.8 billion U.S. dollars) in revenue last month, up 3.2 percent year on year, according to data from the National Bureau of Statistics (NBS).

From January to October, the sector's revenue rose 5.9 percent year on year to about 4.4 trillion yuan.

Growth in October was 0.1 percentage points higher than in September, the China Cuisine Association said.

The sector's revenue accounted for 10.9 percent of China's total sales of consumer goods last month, an increase of 0.2 percentage points from September, according to the association.

China's consumption gained traction in October, with accelerated sales growth and improved consumer sentiment. NBS data shows that the country's retail sales of consumer goods increased 4.8 percent year on year in October, accelerating from the 3.2 percent increase seen in September.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218