Restaurants taste renewed growth amid transformation
By Wang Zhuoqiong | China Daily | Updated: 2013-07-31 07:22
The growth slowdown in the country's catering industry is over, with double-digit expansion to return in the current half-year, according to the China Cuisine Association.
Growth will hit 10 percent from July to December, with industry revenue of 2.6 trillion yuan ($424 billion), the association said in a report on Monday.
First-half revenue was up 8.7 percent to 1.18 trillion yuan. The growth rate was 4.5 percentage points lower than a year earlier and 4 percentage points below overall retail sales, according to the association.
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