Xinhua has a report on China’s food and beverage industry:<\/p>\n
People go to restaurants not just for delicious food. They gather for reunions, dating, fun, negotiations and even for work meetings.<\/p>\n
Whatever the reason, such diners are the backbone of China’s robust catering industry. The Ministry of Commerce estimates a total turnover of 730 billion yuan (US$90 billion) for this year alone, a 10 billion yuan (US$1.2 billion) jump over the target set at the end of last year…<\/p>\n
…South China’s Guangzhou sees the greatest number of diners with more money spent at restaurants than in any other part of China.<\/p>\n
The southern city is followed closely by Shanghai, with Beijing coming in third.<\/p>\n
The statistics from the Beijing Municipal Commercial Bureau reckon that Beijingers spent 29.47 billion yuan (US$3.55 billion) on food in the past six months, nearly 30 per cent of which went to restaurants.<\/p><\/blockquote>\n
The article is here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"
Xinhua has a report on China’s food and beverage industry: People go to restaurants not just for delicious food. They gather for reunions, dating, fun, negotiations and even for work meetings. Whatever the reason, such diners are the backbone of … Continue reading