China's catering industry expected to grow by 12 percent ( 2003-10-20 21:36) (Xinhua)
Business turnover of China's catering industry in 2003 will not grow at a
bigger rate than a year ago, but is expected to maintain a two-digit growth at
12 percent, said Zhang Shiyao, president of the China Cuisine Association.
The SARS outbreak in China dealt a heavy blow to the catering sector during
the first half of the year.
In April, the sector reported its business turnover rise by only 2.1 percent
year-on-year, 14 percentage points lower than the growth rate during the first
quarter.
In May, its turnover nationwide went down by 15.5 percent year- on year and
all provinces, municipalities and autonomous regions, except for Heilongjiang,
Guizhou and Qinghai provinces, saw a drop in the business turnover.
The Ministry of Commerce launched a plan in August to boost the catering
sector by increasing support to chain businesses, promotion activities,
exploration of services in wider areas, and market development.
Since China opened itself to the outside world over two decades ago, the
catering industry has witnessed a rapid growth, taking in a record 500 billion
yuan (60 billion US dollars) in 2002, accounting for 8.1 percent of the
country's retail sales of consumer goods.
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