Chinese spent 3.9 trillion yuan on food in 2017

23:51, January 15, 2018

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  Chinese spent $603 bln eating out last year

  Diners eat hot pots at the 8th China (Chongqing) Hot Pot and Food Culture Festival in southwest China's Chongqing, Oct. 20, 2016. Photo: XINHUA/Liu ChanChina' s catering market was flourishing in 2017 with its overall revenues exceeding 3.9 trillion yuan (603.6 billion USD). With huge 10% increase on 2016, the question has to be asked: where are Chinese people spending

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  China's economic figures boost confidence

  Photo: XinhuaChina's gross domestic product (GDP) grew 6.9 percent in 2017 and exceeded 80 trillion yuan ($12.5 trillion) for the first time. This was the first year-on-year growth since 2010. Important macroeconomic data shows a robust trend. The producer price index turned positive for the first time in five years, and the prices of coal and steel rebounded. Last year,

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  China's 1 trillion yuan GDP club adds a new member

  The GDP of Changsha, capital city of Hunan Province, reached 1.02 trillion yuan ($157.1billion) with an annual growth rate of 9%, becoming the 13th city in China and the second in Central China to join the ranks of the "trillion-yuan club".Changsha started to upgrade its traditional industries and equip them with smart manufacturing capabilities in 2015. (Photo: icswb.com)The GDP milestone