China aims for CNY3.3 trillion restaurant industry
China wants its restaurant and catering industry to achieve CNY3.3 trillion in sales by 2013, Xinhua reported the country’s Commerce Ministry as saying. The goal will necessitate an annual growth of 18%.
To achieve the target the government has said that China will need to have 100 restaurant groups in the next five years, each generating more than CNY1 billion in annual sales by 2013. Other objectives include generating 25 million jobs and opening 160,000 chain breakfast outlets, the report said.
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