Catering Revenue Fell By Over 40% In The First Quarter

The National Bureau of Statistics released the first quarter Chinese economic data on the 17th. In the first quarter, the total retail sales of consumer goods reached 785.8 billion yuan, down 19.0% year-on-year. By consumption type, catering revenue was 602.6 billion yuan, a decrease of 44.3%; merchandise retail was 725.35.3 billion yuan, a decrease of 15.8%. Commodities closely related to the lives of residents showed an increasing trend. The grain and oil, food, beverage and Chinese and Western medicines above designated size increased by 12.6%, 4.1% and 2.9% respectively, 2.9, 1.0 and 2.7 percentage points faster than that in January-February .