China's accommodation and catering retail sales reached 961.95 billion yuan from January to August, accounting for 14.1 percent of the overall retail sales of social products, up 24.6 percent over the same period of last year. The growth rate rose by 6.5 percent, pushing the overall retail sales of social products up 3.4 percent, Ministry of Commerce announced on Monday.
In August, accommodation and catering industry kept the upward trend, and witnessed a retail sales of 124.5 billion yuan, 26.3 percent higher than that of last August. From January to August, another 453 foreign organizations invested in this field, down by 21.1% from the same period of last year. Actual use of foreign capital amounted to 640 million U.S. dollars, down 8.7 percent.
By People's Daily Online
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