Attaché Report (GAIN)

China: Food Service-Hotel Restaurant Institutional

Report Highlights: China’s Hotel, Restaurant, and Institutional (HRI) sectors recorded $687 billion in sales revenue in 2019, a 9 percent increase from the previous year.
In June 2020, China’s central government announced its economic masterplan to develop the south China island of Hainan into a Free Trade Port (FTP).
China’s pet food market is experiencing phenomenal growth that is expected to continue into the future.