In February, the national economy and social development report of 2018 was released by the officials.

The report showed that China’s GDP last year reached 9 billion yuan, up by 6.6% from a year ago. The contrition made by consumption expenditure to GDP’s growth was 76.2%.

Regarding consumption, the national social consumption retail value was 3.8 trillion, up by 9% from a year ago.

The expenditure of food and beverage was 5631 per person, account for 28.4% of the total social consumption retail, top among the sectors in consumption. (Source:foodmate)

Comments are closed.