China's accommodation and catering sales rose 21.6 percent to
110 billion yuan (14.9 billion U.S. dollars) in November over the
same period a year earlier, the Ministry of Commerce announced here
on Monday.
In the first 11 months, retail sales of the accommodation and
catering industry totaled 1.11 trillion yuan, up 18.9 percent
year-on-year. It accounted for 13.9 percent of overall retail
sales.
During the period, 862 foreign-funded companies in the
accommodation and catering sectors were approved, down 11.9
percent. The utilization of foreign funds rose 8.3 percent to 790
million U.S. dollars.
(Xinhua News Agency December 18, 2007)
