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Chinese Catering Industry’s Revenue Increased by 10.7% Last Year over 2016

Submit Time:27-02-2018 | Zoom In | Zoom Out

Author: | Source:People’s Daily (January 22, 2018)


According to the latest data released by the National Bureau of Statistics, in 2017, the Chinese catering industry’s revenue increased by 10.7% over 2016 to 3.9644 trillion yuan. 

Last year, the catering industry’s revenue growth rate was 0.5 percentage points higher than the growth rate of retail sales of consumer goods. 

Special catering’s high-quality development is an obvious characteristic. The catering industry is developing in two directions: one is special and cultural catering, meeting demand for personal, diverse and social consumption; the other is retail- and factory-based catering chains, meeting demand for quick and convenient consumption. Online takeout food market maintained rapid growth. According to the statistics released by Meituan and Dianping, the size of China’s online takeout food market increased by 23% to 204.6 billion yuan last year and the number of users ordering meals online increased by 18% over 2016 to 300 million. New catering became the main driving force behind innovation in the industry. 

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