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China's catering revenue down 5% in first 10 months of 2022, NBS data shows.
According to data from the National Bureau of Statistics (NBS), the national catering revenue in 2022 amounted to 4,394.1 billion yuan, a decline of 6.3%; catering revenue above the limit amounted to 1,065.0 billion yuan, a year-on-year decline of 5.9%. The China Cuisine Association analyzed that for the whole year of 2022, the growth rate of national catering revenue and catering revenue of units above the quota decreased by 24.9 percentage points and 29.4 percentage points respectively compared with the previous year, which was lower than the growth rate of total retail sales of consumer goods.

There may be many specific reasons, such as the impact of epidemics, changes in consumer attitudes and so on. But these factors are complex and require more research and analysis to reach a conclusion.