China s food and beverage market has shown signs of a fast-lane recovery, with a number of A-share listed catering firms reporting growth in their first-half net profits. Observers said this shows that the consumption recovery is gaining momentum and will help drive economic growth this year
During the peak summer travel season this year, many popular tourist destinations in China have experienced overwhelming crowds, making it challenging for tourists to secure tickets. Given these circumstances, cultural venues in many places have recently announced extended opening hours, allowing people to explore during the evening hours.
Foreign companies eye more business opportunities in China’s catering sector growth, boosted by increased digitalization which has been spearheaded by the Chinese government.