China has to count various data every month, in addition to the shipments of e-commerce platforms, China's Bureau of Statistics also needs to count the income status of other industries. The Bureau of Statistics has released the latest revenue of the catering industry, China's total revenue of the catering industry in October is as high as 437.2 billion yuan, a year-on-year growth rate of 0.8%. This is a significant increase in restaurant revenue in October compared to sales in the first half of this year. What's more, October also includes the Golden Week, during which most people go out to have fun, and restaurant revenues naturally increased by 0.8% year-on-year. This data shows that our residents are reasonably regulating their living conditions, and the total income of our catering industry is steadily increasing.
Most of the public will never choose to go out to eat, they live under great pressure, and their wages are often not enough to spend. Over time, the income of our restaurant industry has steadily declined. With the improvement of living standards, people's wages have increased significantly. So more and more young people began to eat out, which led to a relatively large increase in the total income of China's catering industry. The revenue of the catering industry is as high as 437.2 billion yuan, and this figure can definitely show that China's catering market is slowly recovering.
In addition to this, the income situation of various industries has also improved significantly. In addition to the steady increase in revenue due to the prevention and control of the epidemic in China, China has also increased its efforts to support the emerging industries, which ultimately led to the occurrence of a more substantial increase in the total value of business revenue in various industries. As a matter of fact, every country carries out industrial support policies, and when a certain industry is in depression, the country will vigorously support that industry in order to achieve the purpose of increasing the national GDP.
In summary, I think that the restaurant industry revenue in October this year up to 437.2 billion yuan, and the first half of this year, turnover has risen. Even some small restaurants have seen a steady rise in revenue, successfully turning negative assets into positive ones. With the epidemic under effective control, our economy is steadily improving. In the near future, the total revenue of China's restaurant industry will be even higher.