Catering sector expected to expand in 2019China | 17 Oct 2019 2:10 pm
China's catering market is expected to further grow in 2019, according to the China Cuisine Association, Xinhua reported.
Market volume is expected to exceed 4.6 trillion yuan (US$ 649.8 billion) this year, surging over 800 times than 1978, said the association's head Jiang Junxian.
China is now the world's second-largest catering market, with total revenue growing 9.5 percent to top 4.2 trillion yuan last year.
In the first eight months, the revenue of the industry rose 9.4 percent year on year to about 2.88 trillion yuan, official data showed.