Chinese spend 90 billion US dollars in restaurants in 2004

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 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…”

Thanks to Danwei for the link.

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