BUSINESS China's beverage sales up in first five months

BUSINESS

China's beverage sales up in first five months

China Daily

17:42, June 25, 2022

Fruit wines are displayed at an international exhibition in Beijing on Aug 30, 2019. [Photo by A JING / FOR CHINA DAILY]

China's beverage sales jumped 10.4 percent year on year in the first five months of the year, data from the Ministry of Industry and Information Technology showed.

Retail sales of beverage products reached 93.8 billion yuan (about $14 billion) in the period, according to the ministry.

The output of China's major beverage manufacturers, each with annual revenue of at least 20 million yuan, edged down 0.5 percent from one year ago to 73.11 million tonnes in the first five months.

In May alone, these firms produced about 15.44 million tonnes of beverages, down 7 percent year on year, the data also showed.

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