China’s catering industry posted a record high 4.27 trillion yuan ($633 billion) in revenue in 2018, coupled with encouraging trends.
The figure marked an increase of 9.5 percent from the previous year, accounting for 11.2 percent of the country’s total retail sales of consumer goods, according to the National Bureau of Statistics.
Driven by the consumption upgrade, the industry is heading into “a new era of innovation and high-quality development with supply-side reform as its mainstay,” said Han Ming, Director of the China Hospitality Association (CHA).
Eco-friendly catering, or green catering, was a highlight of China’s catering industry in 2018.
In June 2018, the Chinese Government issued a guideline on advancing green catering, seeking to open 5,000 green restaurants and cut kitchen waste and energy consumption per 10,000 yuan ($1,480)…