Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Accommodation, catering retail sales up 25.2%
Adjust font size:

China's accommodation and catering retail sales reached 112.2 billion yuan (US$16 billion) in April, up 25.2 percent over the same period of last year and accounting for 13.8 percent of the total consumer goods retail sales, statistics published by the Ministry of Commerce showed on Friday.

The April's growth was 6.8 percentage higher than that of the same month of last year. The ministry said the high monthly level was mainly attributed to food price rises and a low base of comparison.

Over the first four months, accommodation and catering retail sales were up 23.9 percent over the same period last year, reaching 408.9 billion yuan, which accounted for 14.3 percent of the total consumer goods retail sales.

During the four-month period, foreign investors have set up 229 new accommodation and catering enterprises, down 7.7 percent, and utilized $350 million up 30 percent.

Retail sales of catering enterprises with more than 40 workers and annual sales reached 134.7 billion yuan during the first four months, up 21.8 percent.

China's consumer price index (CPI) rose 8.5 percent year-on-year in April and food price soared 22.1 percent, 0.7 percentage points higher than that in March, the National Bureau of Statistics (NBS) said on Monday.

(Xinhua News Agency May 17, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Lodgings, catering retail sales up 23% in first 2 months
- Accommodation and catering sales rise 21.6% in Nov
- Retail sales of lodgings, catering set to hit 1.2 trillion yuan
- Olympics to generate 20 bln yuan for catering industry
- Accommodation, Catering Retail Sales Reach 98.5 Bln Yuan
Most Viewed >>
- Auto China 2008 staged in Beijing
- Legal victory in US energizes Chinese battery makers
- Firms eyes Indonesian investment potentials
- Earthquake damages crops: agriculture ministry
- Gov't to issue over 27 bln yuan 7-year T-bonds
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?