China's catering industry turnover reached 524.1 billion yuan in the first three quarters of this year, up 22.8 per cent from the same period last year, and the growth rate was 13.4 percentage points higher than that of the same period last year.

According to statistics, the retail sales volume of catering industry accounted for 13.6 per cent of that of social total consumer goods with 2.86 percentage points increase of the total sales volume of social consumer goods and its contribution rate to the growth of social consumer goods was 22 per cent The retail sales of catering industry in September achieved 68 billion yuan, up 19 per cent from the same period last year. Its growth rate was 1.9 percentage points higher than that of the same period last year and up 12.2 per cent from that in August. Meanwhile the retail sales of catering industry in September accounted for 14.4 per cent of the social consumer goods. And the retail sales volume was 5 percentage points higher than the growth rate of the total retail sales volume of social consumer goods.

By People's Daily Online